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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities      
Net loss $ (7,471,406) $ (11,432,223) $ (7,677,245)
Adjustments to reconcile net loss to net cash generated from operating activities:      
Gain on sale of investment in equity method investee 0 (1,292,168) (749,897)
Goodwill impairment 0 2,000,000 0
Long-lived assets impairment 1,590,371 0 0
Gain on sale of investment (2,740,940) 0 0
Equity in net loss (earnings) of equity method investees 0 [1] (84,310) [1],[2] 215,735 [1]
Depreciation and amortization 3,060,269 3,664,376 3,499,769
Allowances / (write-back) for doubtful trade accounts 190,493 (48,580) 37,700
Promissory note impairment 0 1,100,000 0
Loss (profit) on sale of property, plant and equipment (460) (1,701) 5,165
Stock-based compensation expense 481,563 756,090 787,874
Unrealized exchange loss (gain) 146,784 11,808 117,952
Changes in assets and liabilities:      
Trade accounts receivable 116,034 2,104,717 158,828
Prepaid expenses and other current assets 9,215 449,452 119,836
Accounts payable, accrued liabilities and other liabilities (78,956) 1,156,450 (1,961,862)
Customer advances and unearned revenues 377,713 (621,397) 688,625
Recoverable taxes 1,531,255 (193,869) (61,155)
Other non-current assets (44,772) (109,196) (384,871)
Net cash used in operating activities (2,832,837) (2,540,551) (5,203,546)
Cash flows from investing activities      
Payments to acquire property, plant and equipment (1,472,422) (1,903,229) (5,379,475)
Purchase of investment 0 (104,987) 0
Sale of investment in equity method investee 0 1,452,944 937,866
Sale of investment 3,531,935 0 0
Proceeds from sale of property, plant and equipment 7,735 7,594 17,986
Net cash generated from / (used in) investing activities 2,067,248 (547,678) (4,423,623)
Cash flows from financing activities      
Proceeds from issue of shares 0 0 1,364,677
Net cash generated from financing activities 0 0 1,364,677
Net decrease in cash and cash equivalents (765,589) (3,088,229) (8,262,492)
Cash and cash equivalents at the beginning of the year 20,024,483 24,545,839 36,922,125
Effect of exchange rate changes on cash and cash equivalents (2,107,705) (1,433,127) (4,113,794)
Cash and cash equivalents at the end of the year 17,151,189 20,024,483 24,545,839
Supplementary cash flow information:      
Income taxes paid 358,587 448,393 492,682
Supplementary disclosure of non-cash investing activity:      
Payables for purchase of property, plant and equipment $ 2,940 $ 204,638 $ 30,074
[1] Company's share of profit (loss) of the equity method investee has been determined after giving effect to the subsequent amortization on account of fair value adjustments made for the identifiable intangible assets of the equity method investees as at the date of acquisition.
[2] Information provided for the period ended October 8, 2012, relates to Imere Technology Private Limited which was sold as on same date.