v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
 9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,899,899) $ (3,736,659)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 691,518 682,720
Provision for doubtful accounts 16,869 26,058
Amortization of deferred financing costs 69,852 47,105
Change in fair value of warrant liability (232,964) (93,613)
Deferred tax benefit (111,114) (111,114)
Loss from equity investment in non-consolidated affiliate 18,708 16,562
Effect of changes in foreign exchange 90,822 513,491
Stock-based compensation expense 216,262 137,250
Provision for obsolete inventories 120,825 0
Changes in operations, assets and liabilities:    
Accounts receivable (752,054) (559,143)
Due from affiliates (421,710) 116,479
Inventory (824,988) (2,612,936)
Prepaid expenses and supplies (142,563) 331,328
Other assets (56,600) 768,164
Accounts payable and accrued expenses 290,620 244,399
Accrued interest 1,634 229,497
Due to related parties 558,776 (189,986)
Total adjustments (466,107) (453,739)
NET CASH USED IN OPERATING ACTIVITIES (2,366,006) (4,190,398)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (89,462) (279,776)
Acquisition of intangible assets (53,564) (22,000)
Change in restricted cash 1,902 (26,399)
Payments under contingent consideration agreements (123,660) (82,548)
NET CASH USED IN INVESTING ACTIVITIES (264,784) (410,723)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Keltic facility 2,289,995 3,497,513
Foreign revolving credit facility 88,618 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 2,378,613 3,983,718
EFFECTS OF FOREIGN CURRENCY TRANSLATION (1,113) (16,146)
NET DECREASE IN CASH AND CASH EQUIVALENTS (253,290) (633,549)
CASH AND CASH EQUIVALENTS - BEGINNING 484,362 1,047,372
CASH AND CASH EQUIVALENTS - ENDING 231,072 413,823
SUPPLEMENTAL DISCLOSURES:    
Issuance of warrant liability in connection with series A convertible preferred stock 0 749,457
Interest paid $ 331,694 $ 160,032