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Other non-current assets (Tables)
 12 Months Ended
Mar. 31, 2013
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]  
Other Non-Current Assets Comprise

Other non-current assets comprise:

 

     As of March 31,  
     2012      2013  
     US$      US$  

Promissory notes *

      1,100,000         —     

Prepaid expenses

      307,946         187,176   

Rent deposits

      699,223         825,055   

Loans to employees

      61,422         32,143   
  

 

 

     

 

 

  

Total

      2,168,591         1,044,374   
  

 

 

     

 

 

  

 

* The Company had subscribed to convertible promissory notes (referred to as the “notes”) issued by Examville.com LLC, for total cash consideration of US$1,100,000. These notes are convertible into equity shares of issuer of the notes at a conversion price that will be determined based on the issuance price of equity shares issued for future financing. If not converted during a specified period, as per the respective terms, notes shall be redeemed at par on maturity. During the year ended March 31, 2013, the Company recorded an other than temporary impairment loss of US$1,100,000 because the Company does not expect to recover the carrying amount.