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CONSOLIDATED STATEMENT OF STOCKHOLDER EQUITY (USD $)
Total
Preferred Stock Series A
Common shares
Additional paid in capital
Statutory Reserve
Accumulated OCI
Retained Earnings
Beginning Balance at Mar. 31, 2009 $ 16,761,146 $ 22,500 $ 29,380 $ 4,063,039   $ 1,130,576 $ 11,515,651
Beginning Balance (in shares) at Mar. 31, 2009   45 29,380,073        
Issuance of common shares to independent directors (in shares)     81,231        
Issuance of common shares to independent directors 75,522   81 75,441      
Net income for the year 9,453,059           9,453,059
Statutory reserve         956,633   (956,633)
Foreign currency translation adjustment 22,188         22,188  
Ending Balance at Mar. 31, 2010 26,311,915 22,500 29,461 4,138,480 956,633 1,152,764 20,012,077
Ending Balance (in shares) at Mar. 31, 2010   45 29,461,304        
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)     44,254,952        
Issuance of common shares for the owner of an acquired patent 32,748,665   44,255 32,704,410      
Net income for the year 10,214,768           10,214,768 [1]
Adjustment to Retained Earnings 5,919           5,919
Foreign currency translation adjustment 888,529         888,529  
Ending Balance at Mar. 31, 2011 $ 70,195,502 $ 22,500 $ 73,758 $ 36,868,554 $ 956,633 $ 2,041,293 $ 30,232,764
Ending Balance (in shares) at Mar. 31, 2011   45 73,758,388        
[1] restated.