v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
 3 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,040,461) $ (719,043)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 213,124 231,082
Provision for doubtful accounts 10,500 6,000
Amortization of deferred financing costs 30,392 17,820
Change in fair value of warrant liability 447,251 91,328
Deferred tax benefit (37,038) (37,038)
Loss (gain) from equity investment in non-consolidated affiliate 6,121 (348)
Effect of changes in foreign exchange (60,340) (195,941)
Stock-based compensation expense 72,533 59,180
Changes in operations, assets and liabilities:    
Accounts receivable 367,348 298,647
Due from affiliates (71,845) (103,738)
Inventory (547,749) (688,671)
Prepaid expenses and supplies (344,373) (247,016)
Other assets (15,517) (6,125)
Accounts payable and accrued expenses 571,697 (5,444)
Accrued interest 545 544
Due to related parties 424,772 645,156
Total adjustments 1,067,421 65,436
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 26,960 (653,607)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (34,999) (19,094)
Acquisition of intangible assets (26,981) (25,376)
Change in restricted cash (251) 3,460
Payments under contingent consideration agreements (5,940) (37,080)
NET CASH USED IN INVESTING ACTIVITIES (68,171) (78,090)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Keltic facility (19,256) 528,909
Foreign revolving credit facility (91,080) 0
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (110,336) 528,909
EFFECTS OF FOREIGN CURRENCY TRANSLATION 640 (7,453)
NET DECREASE IN CASH AND CASH EQUIVALENTS (150,907) (210,241)
CASH AND CASH EQUIVALENTS - BEGINNING 439,323 484,362
CASH AND CASH EQUIVALENTS - ENDING 288,416 274,121
SUPPLEMENTAL DISCLOSURES:    
Interest paid $ 179,866 $ 92,630