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NOTE 15 - INCOME TAXES
 3 Months Ended
Jun. 30, 2013
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]
NOTE 15 – INCOME TAXES

The Company adopted ASC 740, Accounting for Uncertainty in Income Taxes. In assessing the recoverability of its deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of the deferred tax assets is dependent on the generation of future taxable income during the periods in which those temporary differences become deductible. The management considers historical and projected future taxable income, and tax planning strategies in making this assessment.

The Company’s effective tax rate was 0.2% for the quarter ending June 30, 2013 compared to 6.0% for the three month period ended June 30, 2012. The Company has US deferred tax assets which have been offset by valuation allowance because of historical and expected losses.  As the Company reverses its losses and becomes profitable, we will reassess the likelihood of recovering a portion or all of the deferred tax assets.  The remaining balance of deferred tax assets, which appear on the balance sheet, are from foreign based operations in which utilization is highly probable in offsetting  future foreign income taxes.

The Company recorded an income tax expense of ($1,596) resulting from operational results of its foreign entities for the three-month period ending June 30, 2013 as compared to a tax benefit of $31,710 from foreign entities for the three month period ended June 30,2012. As of June 30, 2013 and 2012, there was no significant liability for income tax associated with unrecognized tax benefits.