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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
 3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income (loss) $ (540,754) $ (870,954)
Adjustment to reconcile net income (loss) to net cash:    
Non-cash compensation expense 0 235,267
Deferred taxes (3,538) 0
Depreciation 83,594 51,244
Non-cash financial expense (including amortization of debt discount) 0 307,514
Share in profits of joint venture 0 (36,219)
Unrealized exchange losses/(gains) 346,577 (24,163)
Changes in:    
Accounts receivable 54,454 380,930
Inventories (48,128) (49,206)
Prepaid expenses and other assets (47,530) (683,382)
Trade payables 75,216 (601,646)
Other current liabilities 10,118 900,849
Other non – current liabilities (207,571) (418,218)
Non-current assets (82,804) 459,280
Accrued Expenses 279,862 (76,635)
Net cash used in operating activities (80,504) (425,339)
Cash flow from investing activities:    
Purchase of short term investment 244,223 (3,235)
Purchase of property and equipment 0 0
Proceeds from sale of property and equipment 4,277 0
Deposit towards acquisitions, net of cash acquired 0 0
Restricted cash 0 23,426
Net cash provided/(used) by investing activities 248,500 20,191
Cash flows from financing activities:    
Net movement in other short-term borrowings 8,808 0
Proceeds from loans 0 0
Issuance of equity shares 0 0
Net cash provided/(used) by financing activities 8,808 0
Effects of exchange rate changes on cash and cash equivalents (20,315) (684)
Net increase/(decrease) in cash and cash equivalents 156,489 (405,832)
Cash and cash equivalent at the beginning of the period 562,948 1,583,284
Cash and cash equivalent at the end of the period $ 719,437 $ 1,177,452