v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,838,265) $ (4,960,125)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 920,305 914,361
Loss on disposition 1,715,728 0
Provision for doubtful accounts 86,869 68,599
Amortization of deferred financing costs 96,556 61,960
Change in fair value of warrant liability (302,734) (109,767)
Deferred tax benefit (148,152) (148,152)
Loss from equity investment in non-consolidated affiliate 22,549 28,923
Effect of changes in foreign exchange 247,431 722,253
Stock-based compensation expense 282,314 190,463
Provision for obsolete inventories 684,830 275,000
Changes in operations, assets and liabilities:    
Accounts receivable (861,330) (730,571)
Due from affiliates (180,586) 93,721
Inventory (4,028,581) (2,006,825)
Prepaid expenses and supplies (200,405) 222,549
Other assets (152,061) (189,986)
Accounts payable and accrued expenses 909,815 1,082,206
Accrued interest (8,400) 230,042
Due to related parties 767,687 (150,227)
Total adjustments (148,165) 554,549
NET CASH USED IN OPERATING ACTIVITIES (4,986,430) (4,405,576)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (93,869) (306,799)
Acquisition of intangible assets (53,564) (37,133)
Change in restricted cash (730) (26,365)
Payments under contingent consideration agreements (145,800) (117,048)
NET CASH USED IN INVESTING ACTIVITIES (293,963) (487,345)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Keltic facility 2,651,490 3,849,831
Issuance of term loan in connection with inventory purchase 2,496,000 0
Foreign revolving credit facility 89,866 0
$2.5 million revolving credit facility 0 (2,000,000)
Note payable - Betts & Scholl 0 (327,648)
Interim notes - affiliate investors 0 1,005,000
Issuance of series A convertible preferred stock 0 2,155,000
Costs of issuance of series A convertible preferred stock 0 (346,147)
NET CASH PROVIDED BY FINANCING ACTIVITIES 5,237,356 4,336,036
EFFECTS OF FOREIGN CURRENCY TRANSLATION (2,002) (6,125)
NET DECREASE IN CASH AND CASH EQUIVALENTS (45,039) (563,010)
CASH AND CASH EQUIVALENTS - BEGINNING 484,362 1,047,372
CASH AND CASH EQUIVALENTS - ENDING 439,323 484,362
SUPPLEMENTAL DISCLOSURES:    
Issuance of warrant liability in connection with series A convertible preferred stock 0 794,457
Interest paid $ 442,204 $ 248,022