CONDENSED CONSOLIDATED BALANCE SHEET (USD $)	Mar. 31, 2012	Mar. 31, 2011
Current assets:
Cash and cash equivalent	$ 22,146,240	$ 6,046,804
Accounts receivable	115,938
Prepaid accounts	20,887	15,602,258
Inventory	1,978,488	59,183
Total current assets	24,261,553	21,708,245
Plant, property and equipment, net	9,663,338	9,629,558
Construction in progress	219,983	211,189
Intangible assets, net	18,863,510	40,560,015
Total assets	53,008,384	72,109,007
Current liabilities:
Tax payable	1,018,543	1,683,944
Other payable	4,766,952	229,561
Total current liabilities	5,785,495	1,913,505
Contingency
Derivative liabilities	5,531,892
Total liabilities	11,317,387	1,913,505
Stockholders' Equity
Preferred stock, par value $500.00 per share; 45 shares authorized and issued at March 31, 2012 and March 31, 2011	22,500	22,500
Common stock, par value $0.001 per share; 500,000,000 and 100,000,000 shares authorized, 73,780,610 shares issued and outstanding at March 31, 2012; and 73,758,388 shares issued at March 31, 2011, respectively	73,780	73,758
Additional paid-in capital	36,879,643	36,868,554
Statutory reserve	956,633	956,633
Retained earnings	417,285	30,232,764
Accumulated other comprehensive income	3,341,156	2,041,293
Total stockholders' equity	41,690,997	70,195,502
Total liabilities and stockholders' equity	$ 53,008,384	$ 72,109,007