CONDENSED CONSOLIDATED BALANCE SHEET (USD $)	Sep. 30, 2012	Mar. 31, 2012
Current assets:
Cash and cash equivalent	$ 24,569,564	$ 22,146,240
Accounts receivable	0	115,938
Prepaid accounts	20,733	20,887
Inventory	3,761,605	1,978,488
Total current assets	28,351,902	24,261,553
Plant, property and equipment, net	9,411,982	9,663,338
Construction in progress	218,362	219,983
Intangible assets, net	18,090,089	18,863,510
Total assets	56,072,335	53,008,384
Current liabilities:
Tax payable	327,399	1,018,543
Other payable	4,689,403	4,766,952
Total current liabilities	5,016,802	5,785,495
Contingency	0	0
Derivative liabilities	1,106,378	5,531,892
Total liabilities	6,123,180	11,317,387
Stockholders' Equity
Preferred stock, par value $500.00 per share; 45 shares authorized and issued at September 30, 2012 and March 31, 2012	22,500	22,500
Common stock, par value $0.001 per share; 100,000,000 and 100,000,000 shares authorized, 73,830,610 shares issued and outstanding at September 30, 2012; and 73,780,610 shares issued at March 31, 2012, respectively	73,830	73,780
Additional paid-in capital	36,884,593	36,879,643
Statutory reserve	956,633	956,633
Retained earnings	8,840,100	417,285
Accumulated other comprehensive income	3,171,499	3,341,156
Total stockholders' equity	49,949,155	41,690,997
Total liabilities and stockholders' equity	$ 56,072,335	$ 53,008,384