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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, 2012 $ 41,690,997 $ 22,500 $ 73,780 $ 36,879,643 $ 956,633 $ 3,341,156 $ 417,285
Beginning Balance (in shares) at Mar. 31, 2012   45 73,780,610        
Issuance of common shares to independent directors (in shares)     50,000        
Issuance of common shares to independent directors 5,000   50 4,950      
Net income for the year 2,252,710           2,252,710
Foreign currency translation adjustment (40,878)         (40,878)  
Ending Balance at Jun. 30, 2012 43,907,829 22,500 73,830 36,884,593 956,633 3,300,278 2,669,995
Ending Balance (in shares) at Jun. 30, 2012   45 73,780,610        
Net income for the year 6,170,105           6,170,105
Foreign currency translation adjustment (128,779)         (128,779)  
Ending Balance at Sep. 30, 2012 49,949,155 22,500 73,830 36,884,593 956,633 3,171,499 8,840,100
Ending Balance (in shares) at Sep. 30, 2012   45 73,780,610        
Cancellation of issued stock for return of patent     (44,255) (32,704,410)     32,746,665
Cancellation of issued stock for return of patent (in shares)     (44,255,087) 0     32,748,664
Net income for the year 4,648,852           4,648,852
Foreign currency translation adjustment 474,863         474,863  
Ending Balance at Dec. 31, 2012 $ 55,072,870 $ 22,500 $ 29,575 $ 4,180,183 $ 956,633 $ 3,646,363 $ 46,237,617
Ending Balance (in shares) at Dec. 31, 2012   45 29,575,523