XML 19 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net loss $ (14,337,256) $ (7,761,200)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,605,052 2,179,827
Debt discount amortization 0 258,682
Stock and warrants issued for debt 0 873,519
Loss on asset dispositions 0 50,255
Minority interest in earnings of subsidiary (9,089) 7,361
Stock issued for stock based compensation 873,270 177,000
Warrants issued for services performed 0 318,750
Warrants issued for interest 47,275 0
Stock issued for interest 400,515 0
Stock issued for services 0 746,346
Loss from discountinued operations 7,979,891 1,865,895
Increases/decreases in operating assets and liabilities    
Accounts receivable (615,499) (257,614)
Prepaid expenses and other assets 173,276 (199,237)
Accounts payable and accrued expenses 2,298,127 930,750
Derivative liability 108,180 513,471
Net cash (used) in/provided by operating activities (467,173) (296,195)
Cash flows from investing activities:    
Purchase of property and equipment (1,613,368) (68,311)
Purchase of discontinued operations 0 (100,000)
Net cash used in investing activities (1,613,368) (168,311)
Cash flows from financing activities:    
Repayments of notes payable (1,373,016) (1,478,123)
Proceeds of long term debt 3,075,868 906,240
Net proceeds/(repayments) from line of credit (154,917) 140,109
Bank overdraft 479,100 47,337
Proceeds from the sale of common stock / exercise of warrants 82,500 855,000
Net cash (used) in/provided by financing activities 2,109,535 470,563
Net change in cash 28,994 6,057
Cash, beginning of period 54,158 48,101
Cash, end of period 83,152 54,158
Supplemental disclosure of cash flow information:    
Income taxes paid 0 0
Interest paid 0 510,623
Common stock issued for acquisition of subsidiaries    
Common stock issued in purchase 1,542,237 200,000
Notes payable issued in purchase 4,000,000 250,000
Less: assets received in purchase, net of cash 0 595,879
Plus: liabilities assumed during purchase 0 145,879
Minority interest 0 0
Net cash received at purchase 0 0
Capitalized Lease entered into by Subsidiary 1,653,513 0
Common stock issued for stock based compensation 873,270 177,000
Common stock and warrants issued for deferred finance costs, extension of loans and with notes payable 400,515 133,500
Common stock issued for conversion of debentures $ 47,275 $ 1,566,567