v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Mar. 31, 2012
Mar. 31, 2011
Current Assets:      
Cash and cash equivalents $ 991,645 $ 4,683,186 $ 35,502
Accounts receivable, net 736,775 2,055,162 82,238
Advances on inventory purchases 667,090 304,702   
Inventories 3,080,952 1,561,314 1,107
Deferred offering costs      63,500
Note receivable 500,000    
Debt issuance costs, net 153,412    
Prepaid expenses and other current assets 603,440 262,163 46,370
Total current assets 6,733,314 8,866,527 228,717
Investments, at cost      150,000
Certificate of deposit - non current 50,298 50,000   
Property, plant and equipment, net 118,188 140,000 92,732
Intangible assets 2,839,216    
Deposit on asset acquisition    729,450   
Other non-current assets 2,185    
Total Assets 9,743,201 9,785,977 471,449
Current Liabilities:      
Accounts payable 859,100 433,591 332,833
Notes payable officer      91,219
Deferred revenue 3,750 33,750 88,652
Accrued interest related parties      2,354
Accrued registration rights penalty 156,000 156,000 156,000
Accrued expenses and other current liabilities 430,281 601,695 108,326
Notes payable - current portion 710,306 28,737 9,714
Warrant liability 21,227,942 25,797,615 4,117,988
Total current liabilities 23,387,379 27,051,388 4,907,086
Other liabilities - non current 40,000    
Total liabilities 23,427,379 27,051,388  
Commitments and contingencies         
Stockholders' equity (deficiency):      
Preferred stock         
Common stock 3,237 3,197 1,089
Additional paid-in capital 1,396,146    3,460,597
Accumulated deficit (15,083,561) (17,268,608) (7,897,323)
Total stockholders' equity (deficiency) (13,684,178) (17,265,411) (4,435,637)
Total liabilities and stockholders' equity (deficiency) $ 9,743,201 $ 9,785,977 $ 471,449