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CONSOLIDATED BALANCE SHEETS (Audited) (USD $)
Mar. 31, 2014
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,026,565 $ 1,064,421
Accounts receivable, net of allowances 566,252 1,066,650
Inventories 611,702 407,060
Prepaid expenses and other current assets 1,553,936 1,730,514
Total current assets 3,758,455 4,268,645
Intangible Assets 468,091 592,274
Property, plant and equipment, net 7,586,844 8,184,230
Investments in affiliates 5,109,058 5,109,057
Investments-others 31,650 83,489
Deferred acquisition costs 0 207,338
Deferred Income taxes 321,676 341,455
Other non-current assets 458,578 466,105
Total long-term assets 13,975,897 14,983,948
Total assets 17,734,352 19,252,593
Current liabilities:    
Trade payables 133,365 600,702
Accrued expenses 418,480 466,960
Notes payable 0 0
Loans — others 424,845 446,694
Other current liabilities 53,987 310,619
Total current liabilities 1,030,677 1,824,975
Notes payable 1,800,000 1,800,000
Other non-current liabilities 758,379 653,388
2,558,379 2,453,388
Total liabilities 3,589,056 4,278,363
Stockholders' equity:    
Common stock — $.0001 par value; 150,000,000 shares authorized; 9,373,569 issued and outstanding as of March 31, 2014 and 6,980,098 issued and outstanding as of March 31, 2013. 937 698
Additional paid-in capital 58,362,834 56,153,375
Accumulated other comprehensive income (2,016,815) (2,020,764)
Retained earnings (Deficit) (42,719,772) (39,697,179)
Total equity attributable to Parent 13,627,184 14,436,130
Non-controlling interest 518,112 538,100
Total stockholders' equity 14,145,296 14,974,230
Total liabilities and stockholders' equity $ 17,734,352 $ 19,252,593