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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (USD $)
Total
Equity shares
Additional paid- in- capital
Accumulated other comprehensive income (loss)
Accumulated deficit
Treasury shares(Equity shares held by controlled trust)
Beginning Balance at Mar. 31, 2010 $ 60,605,999 $ 1,735,105 $ 127,847,598 $ (3,845,603) $ (62,024,654) $ (3,106,447)
Beginning Balance (in shares) at Mar. 31, 2010   14,615,800       (750,000)
Stock-based compensation 559,157   559,157      
Net loss (6,572,014)       (6,572,014)  
Foreign currency translation adjustment 408,618     408,618    
Contribution from principal shareholder (See Note 6) 420,589   420,589      
Repurchase of equity shares for treasury (in shares)           (265,000)
Repurchase of equity shares for treasury (See Note 13) (1,320,158)         (1,320,158)
Ending Balance at Mar. 31, 2011 54,102,191 1,735,105 128,827,344 (3,436,985) (68,596,668) (4,426,605)
Ending Balance (in shares) at Mar. 31, 2011   14,615,800       (1,015,000)
Stock-based compensation 787,874   787,874      
Net loss (7,677,245)       (7,677,245)  
Foreign currency translation adjustment (5,841,093)     (5,841,093)    
Stock option exercised (in shares)   194,378        
Stock option exercised 1,364,677 21,621 1,343,056      
Ending Balance at Mar. 31, 2012 42,736,404 1,756,726 130,958,274 (9,278,078) (76,273,913) (4,426,605)
Ending Balance (in shares) at Mar. 31, 2012   14,810,178       (1,015,000)
Stock-based compensation 756,090   756,090      
Net loss (11,432,223)       (11,432,223)  
Foreign currency translation adjustment (2,254,312)     (2,254,312)    
Ending Balance at Mar. 31, 2013 $ 29,805,959 $ 1,756,726 $ 131,714,364 $ (11,532,390) $ (87,706,136) $ (4,426,605)
Ending Balance (in shares) at Mar. 31, 2013   14,810,178       (1,015,000)