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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, 2011 $ 70,195,502 $ 22,500 $ 73,758 $ 36,868,554 $ 956,633 $ 2,041,293 $ 30,232,764 [1]
Beginning Balance (in shares) at Mar. 31, 2011   45 73,758,388        
Net income for the quarter [1] 1,236,152           1,236,152
Issuance of common shares to independent directors (in shares)     22,222        
Issuance of common shares to independent directors 0   22 11,089     (11,111)
Foreign currency translation adjustment [1] 417,275         417,275  
Ending Balance at Jun. 30, 2011 $ 71,848,929 $ 22,500 $ 73,780 $ 36,879,643 $ 956,633 $ 2,458,568 $ 31,457,805
Ending Balance (in shares) at Jun. 30, 2011   45 73,780,610        
[1] restated.