v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
 6 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,188,952) $ (1,422,900)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 427,762 460,939
Provision for doubtful accounts 25,812 12,000
Amortization of deferred financing costs 67,276 42,412
Change in fair value of warrant liability 3,966,415 (71,279)
Deferred tax benefit (74,076) (74,076)
Loss from equity investment in non-consolidated affiliate 24,077 10,727
Foreign exchange loss 111,523 22,172
Stock-based compensation expense 177,749 138,928
Provision for obsolete inventories 0 100,000
Changes in operations, assets and liabilities:    
Accounts receivable (666,064) (518,956)
Due from affiliates (199,078) (146,163)
Inventory 75,491 (904,801)
Prepaid expenses and supplies (209,818) (99,027)
Other assets (80,078) (51,788)
Accounts payable and accrued expenses (500,955) (349,222)
Accrued interest 1,090 1,089
Due to related parties (29,014) 959,860
Total adjustments 3,118,112 (467,185)
NET CASH USED IN OPERATING ACTIVITIES (2,070,840) (1,890,085)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (86,610) (43,098)
Acquisition of intangible assets (26,981) (39,375)
Change in restricted cash 61,999 1,500
Payments under contingent consideration agreements (5,940) (71,280)
NET CASH USED IN INVESTING ACTIVITIES (57,532) (152,253)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Keltic facility 232,031 1,879,458
Bourbon term loan (63,050) 0
Junior loan 1,250,000 0
Foreign revolving credit facility 122,344 150,143
Proceeds from exercise of series A preferred warrants 296,015 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,837,340 2,029,601
EFFECTS OF EXCHANGE RATE CHANGES ON CASH 3,232 (1,792)
NET DECREASE IN CASH AND CASH EQUIVALENTS (287,800) (14,529)
CASH AND CASH EQUIVALENTS - BEGINNING 439,323 484,362
CASH AND CASH EQUIVALENTS - ENDING 151,523 469,833
SUPPLEMENTAL DISCLOSURES:    
Conversion of series A preferred stock to common stock 429,868 130,132
Interest paid $ 384,145 $ 202,916