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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
Total
Preferred Stock Series A
Common Shares
Additional paid in capital
Statutory Reserve
Accumulated 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        
Issuance of common shares to independent directors (in shares)     41,997        
Issuance of common shares to independent directors 25,706   42 25,664      
Issuance persuade to reverse acquisition (in shares)     44,255,087        
Issuance persuade to reverse acquisition 32,748,665   44,255 32,704,410      
Comprehensive income 11,544,371            
Net income for the year 10,214,768           10,214,769
Adjustment to retained earning 5,919           5,919
Other Comprehensive income, net of tax                     
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        
Issuance of common shares to independent directors (in shares)     22,222        
Issuance of common shares to independent directors 11,111   22 11,089      
Comprehensive income (28,504,505)            
Net income for the year (29,804,368)           (29,804,368)
Adjustment to retained earning (11,111)           (11,111)
Other Comprehensive income, net of tax                     
Foreign currency translation adjustment 1,299,863         1,299,863  
Ending Balance at Mar. 31, 2012 $ 41,690,997 $ 22,500 $ 73,780 $ 36,879,643 $ 956,633 $ 3,341,156 $ 417,285
Ending Balance (in shares) at Mar. 31, 2012   45 73,780,610