XML 46 R43.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Tables)
12 Months Ended
Mar. 31, 2014
Income Tax Disclosure [Abstract]  
Schedule Of Income Before Income Tax Domestic And Foreign Table [Text Block]
The components of income before income taxes and equity in net earnings of equity method investees are as follows:
 
 
 
2012
 
2013
 
2014
 
 
 
US$
 
US$
 
US$
 
– Domestic
 
 
 
(6,422,577)
 
 
 
(7,177,897)
 
 
 
(9,264,032)
 
– Foreign
 
 
 
(973,378)
 
 
 
(4,371,884)
 
 
 
1,639,852
 
Loss before income taxes and equity in net loss (earning) of equity method investee
 
 
 
(7,395,955)
 
 
 
(11,549,781)
 
 
 
(7,624,180)
 
Current income tax expense (benefit)
 
 
 
65,555
 
 
 
(33,248)
 
 
 
(152,774)
 
Schedule Of Effective Income Tax Rate Reconciliation Table [Text Block]
The reconciliation of estimated income tax expense at Indian statutory income tax rate to income tax expense reported in the statements of comprehensive loss is as follows:
 
 
 
2012
 
 
2013
 
 
2014
 
 
 
US$
 
 
US$
 
 
US$
 
Loss before income taxes and equity in net loss (earning) of equity method investee
 
 
 
(7,395,955)
 
 
 
 
(11,549,781)
 
 
 
 
(7,624,180)
 
Indian statutory income tax rate
 
 
 
32.445
%
 
 
 
32.445
%
 
 
 
33.990
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expected income tax expense (benefit)
 
 
 
(2,399,618)
 
 
 
 
(3,747,327)
 
 
 
 
(2,591,459)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tax effect of:–
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjustments to reconcile expected income tax expense to reported income tax expense:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Employee stock-based compensation
 
 
 
298,428
 
 
 
 
245,313
 
 
 
 
163,683
 
Valuation allowance recognized during the year
 
 
 
2,337,757
 
 
 
 
3,060,830
 
 
 
 
1,998,669
 
Goodwill impairment
 
 
 
 
 
 
 
648,900
 
 
 
 
 
Tax in foreign jurisdictions
 
 
 
(52,715)
 
 
 
 
(142,710)
 
 
 
 
262,459
 
Earnings (loss) of equity method investees
 
 
 
(69,995)
 
 
 
 
27,354
 
 
 
 
 
Others
 
 
 
(48,302)
 
 
 
 
(125,608)
 
 
 
 
13,874
 
Income tax expense (benefit)
 
 
 
65,555
 
 
 
 
(33,248)
 
 
 
 
(152,774)
 
Schedule Of Deferred Tax Assets And Liabilities Table [Text Block]
The tax effects of significant temporary differences that resulted in deferred tax assets and liabilities are as follows:
 
 
 
As of March 31,
 
 
 
2013
 
2014
 
 
 
US$
 
US$
 
 
 
 
 
 
 
 
 
 
 
Net operating loss carry forwards
 
 
 
7,062,788
 
 
 
7,262,789
 
Depreciation and amortization
 
 
 
4,358,969
 
 
 
5,573,817
 
Allowances for doubtful accounts receivables
 
 
 
343,500
 
 
 
218,415
 
Employee benefits
 
 
 
322,573
 
 
 
320,564
 
Minimum alternate tax credit
 
 
 
314,764
 
 
 
284,859
 
Loss of equity method investees
 
 
 
270,527
 
 
 
256,483
 
Gross deferred tax assets
 
 
 
12,673,121
 
 
 
13,916,927
 
Valuation allowance
 
 
 
(12,673,121)
 
 
 
(13,916,927)
 
Deferred tax assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred tax liability:
 
 
 
 
 
 
 
 
 
Intangible assets
 
 
 
185,982
 
 
 
-
 
   
 
 
As of March 31,
 
 
 
2013
 
2014
 
 
 
US$
 
US$
 
Net Deferred tax liability
 
 
 
185,982
 
 
 
-
 
Summary Of Valuation Allowance [Text Block]
Movements in valuation allowance:
 
 
 
As of March 31,
 
 
 
2013
 
2014
 
 
 
US$
 
US$
 
Balance as at beginning of the year
 
 
 
10,783,227
 
 
 
12,673,121
 
Valuation allowance recognized during the year
 
 
 
3,060,830
 
 
 
1,998,669
 
Expired net operating carry forward losses
 
 
 
(811,255)
 
 
 
-
 
Reduction in deferred tax asset and corresponding valuation allowance pertaining to earlier years
 
 
 
 
 
 
(44,777)
 
Reduction on account of unrecognized tax benefit
 
 
 
5,010
 
 
 
3,020
 
Effect of currency translation
 
 
 
(364,691)
 
 
 
(713,106)
 
Balance as at end of the year
 
 
 
12,673,121
 
 
 
13,916,927
 
Schedule Of Unrecognized Tax Benefits Roll Forward Table [Text Block]
A reconciliation of the beginning and ending amount of unrecognized tax benefits during the fiscal years ended March 31, 2013 and 2014 is as follows:
 
 
 
2013
 
2014
 
 
 
US$
 
US$
 
Unrecognized tax benefits balance at beginning of the
    year
 
 
 
21,224
 
 
 
5,481
 
Gross decrease for tax positions of prior years
 
 
 
(14,483)
 
 
 
(1,185)
 
Effect of currency translation
 
 
 
(1,260)
 
 
 
(576)
 
Unrecognized tax benefits balance at end of the year
 
 
 
5,481
 
 
 
3,720