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CONSOLIDATED STATEMENT OF STOCKHOLDER EQUITY (USD $)
Total
Preferred Stock Series A
Common shares
Additional paid in capital
Statutory Reserve
OCI
Retained Earnings
Beginning Balance at Mar. 31, 2010 $ 26,311,915 $ 22,500 $ 29,461 $ 4,138,480 $ 956,633 $ 1,152,764 $ 20,012,077
Beginning Balance (in shares) at Mar. 31, 2010   45 29,461,304        
Net income 10,067,340           10,067,340
Issuance of common shares to independent directors (in shares)     41,997        
Issuance of common shares to independent directors 25,706   42 25,664      
Issuance of common shares for the owner of an acquired patent (in shares)     44,255,087        
Issuance of common shares for the owner of an acquired patent 32,748,665   44,255 32,704,410      
Adjustment to Retained Earnings 5,919           5,919
Foreign currency translation adjustment 888,529         888,529  
Ending Balance at Mar. 31, 2011 70,048,074 22,500 73,758 36,868,554 956,633 2,041,293 30,085,336
Ending Balance (in shares) at Mar. 31, 2011   45 73,758,388        
Net income 1,855,350           1,855,350
Issuance of common shares to independent directors (in shares)     22,222        
Issuance of common shares to independent directors 11,111   22 11,089      
Adjustment to Retained Earnings (11,111)           (11,111)
Foreign currency translation adjustment (841,973)         (841,972)  
Ending Balance at Jun. 30, 2011 $ 71,061,452 $ 22,500 $ 73,780 $ 36,879,643 $ 956,633 $ 1,199,321 $ 31,929,575
Ending Balance (in shares) at Jun. 30, 2011   45 73,780,610