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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
12 Months Ended
Mar. 31, 2011
Mar. 31, 2010
Cash Flows From Operating Activities:    
Net income $ 10,214,768 $ 9,453,059
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 848,531 [1] 262,452
Issue of common shares as compensation 19,760 75,522
Changes in operating assets and liabilities:    
Inventory 265,672 (316,508)
Advance to suppliers   (91,962)
Other receivable from related parties   2,075,549
Accounts payable (2,299,928) 1,843,360
Taxes payable 479,847 [1] 718,659
Accrued expenses and other payables (37,621) 77,292
Net cash provided by (used in) operating activities 9,491,029 14,097,423
Cash flows from investing activities:    
Addition to plant and equipment (5,217,486) (5,523,378)
Reduction of construction in progress 4,416,476  
Investment in Intangible Assets 7,870 (6,738,643)
Prepayment for acquisition of patent (15,602,258)  
Net cash provided by (used in) investing activities (16,395,398) (12,262,021)
Effect of exchange rate changes on cash and cash equivalents 1,039,240 28,151
Net increase (decrease) in cash and cash equivalents (5,865,129) 1,863,553
Cash and cash equivalents at beginning of period 11,911,933 10,048,380
Cash and cash equivalents at ending of period 6,046,804 11,911,933
Cash paid during the periods for:    
Interest 1,004.18  
Income taxes 2,956,202 2,668,826
Stock issued for acquisition of patent
   
Cash paid during the periods for:    
Stock issued 32,748,664  
Stock issued for services
   
Cash paid during the periods for:    
Stock issued $ 41,997 $ 45,000
[1] restated.