XML 14 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ (1,432,956) $ 4,812,458
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 926,622 1,137,323
Gains (Losses) on Extinguishment of Debt 69,334 664,860
(Gain) Loss on asset dispositions (232,740) (283,059)
Stock issued for stock based compensation 121,924 187,878
Loss from discountinued operations   (4,360,889)
Increases/decreases in operating assets and liabilities    
Accounts receivable 612,300 140,575
Prepaid expenses and other assets (8,199) 20,801
Accounts payable and accrued expenses 467,633 125,140
Derivative liability (20,706) (36,071)
Net cash (used) in/provided by operating activities 364,544 1,079,296
Cash flows from investing activities:    
Purchase of property and equipment (53,915) (674,198)
Proceeds from asset disposition 592,343 390,813
Net cash used in investing activities 538,428 (283,385)
Cash flows from financing activities:    
Repayments of notes payable (1,053,582) (1,498,839)
Proceeds of long term debt 104,999 701,205
Net cash (used) in/provided by financing activities (948,583) (797,634)
Net change in cash (45,611) (1,723)
Cash, beginning of period 81,429 83,152
Cash, end of period 35,818 81,429
Supplemental disclosure of cash flow information:    
Interest paid 599,688 793,818
Schedule of noncash investing and financing transactions:    
Common stock issued for settlement of debt   10,000
Common stock issued for accrued compensation 784,000  
Assets acquired through new debt $ 337,154  
Common stock issued in conjunction with sale of discontinued operation, Amount   54,000
Common stock issued for conversion of debentures   $ 35,400