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UNREALIZED GAIN ON FAIR VALUE OF DERIVATIVE
6 Months Ended
Sep. 30, 2012
Unrealized Gain On Fair Value Of Derivative [Abstract]  
Unrealized Gain On Fair Value Of Derivative [Text Block]

NOTE 13 – UNREALIZED GAIN ON FAIR VALUE OF DERIVATIVE

 

Unrealized gain on derivatives reflects a non-cash adjustment for changes in fair value of the Company’s derivative liability. The Company incurred unrealized gain on derivative liability of $4,425,514 for the three and six months ended September 30, 2012. The unrealized gain on derivative reflected reduced fair value of the derivative liabilities resulting from the decrease in the market value of the CYIG stock. See Note 12 for valuation of the derivative liability.