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NOTE 18 - INCOME TAXES (Tables) | 12 Months Ended
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Mar. 31, 2014
NOTE 18 - INCOME TAXES (Tables) [Line Items] |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Income tax expense (benefit) for each of the years ended March 31 consists of the following:
|  | March 31, |
|  | 2014 |  |  | 2013 |
Current: |  |  |  |  |  |
Federal |  | $ | - |  |  | $ | - |
Foreign |  |  | (19,779 | ) |  |  | 157,382 |
State |  |  | - |  |  |  | - |
Net Current |  |  | (19,779 | ) |  |  | 157,382 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | - |  |  |  | - |
Foreign |  |  | 19,779 |  |  |  | (522,498 | )
State |  |  | - |  |  |  | - |
Net Deferred |  |  | 19,779 |  |  |  | (522,498 | )
Total tax provision |  | $ | - |  |  | $ | (365,116 | )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The table below sets forth income tax expense (benefit) for 2014and 2013 computed by applying the applicable United States federal income tax rate and is reconciled to the tax expense (benefit) computed at the effective income tax rate:
|  | March 31, |
|  | 2014 |  |  | 2013 |
Computed expected income tax (benefit) |  |  | (1,035,263 | ) |  |  | (768,709 | )
State tax benefit net of federal tax |  |  |  |  |  |  |  |
Change in valuation allowance |  |  | 936,146 |  |  |  | 768,709 |
Deferred expenses from foreign acquisition |  |  |  |  |  |  |  |
Impairment loss on goodwill |  |  |  |  |  |  |  |
Impairment loss on investments |  |  |  |  |  |  |  |
Capitalized interest costs |  |  | 99,117 |  |  |  |  |
Deferred Tax Assets from foreign subsidiaries |  |  | - |  |  |  | (365,116 | )
Other |  |  |  |  |  |  |  |
Effective income tax rate |  |  | (0. | 0)% |  |  | (15.2 | )%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | The deferred tax assets and liabilities as of March 31 consist of the following tax effects relating to temporary differences and carry forwards:
|  | March 31, |
|  | 2014 |  |  | 2013 |
Current deferred tax liabilities (assets): |  |  |  |  |  |
Deferred Acquisition Costs – Foreign taxes |  | $ | 0 |  |  | $ | 221,700 |
Valuation allowance |  |  | 0 |  |  |  | 0 |
Net current deferred tax liabilities (assets) |  |  | 0 |  |  |  | 221,700 |
Noncurrent deferred tax (assets) liabilities: |  |  |  |  |  |  |  |
Deferred Acquisition Costs- Foreign taxes |  |  | (321,676 | ) |  |  | (563,155 | )
Net Operating Losses |  |  | 1,086,067 |  |  |  | 891,816 |
Valuation allowance |  |  | (1,086,067 | ) |  |  | (891,816 | )
Non-Current net deferred tax (assets) liabilities |  | $ | (321,676 | ) |  | $ | (563,155 | )
Subsidiaries [Member] |
NOTE 18 - INCOME TAXES (Tables) [Line Items] |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The significant components of deferred income tax expense (benefit) from operations before non-controlling interest for each of the years ended March 31 consist of the following:
|  | March 31, |
|  | 2014 |  |  | 2013 |
Deferred tax expense (benefit) |  | $ | 19,779 |  |  | $ | (522,498 | )
Net operating loss carry forward |  |  | 1,086,067 |  |  |  | 891,816 |
Foreign Tax Credits |  |  | - |  |  |  | - |
Less: Valuation Allowance |  |  | 1,086,067 |  |  |  | 891,816 |
Net deferred tax expense |  | $ | 19,779 |  |  | $ | (522,498 | )

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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