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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW (USD $)
9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Cash Flows From Operating Activities:    
Net income $ 13,071,667 $ 2,078,782
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,225,386 3,693,018
Common stock cancellation pursuant to the Termination Agreement (2,765,993) 0
Unrealized gain on fair value of derivative (5,531,892) 0
Issue of common shares as compensation 5,000 0
Changes in operating assets and liabilities:    
Inventory (582,564) (2,424,798)
Accounts receivable 115,938 0
Taxes payable (593,671) (248,678)
Accrued expenses and other payables 41,319 7,620,588
Net cash provided by (used in) operating activities 4,985,291 10,718,912
Cash flows from investing activities:    
Addition to plant and equipment (73,502) (14,704,423)
Prepayment/(deposit) to Jining Tianruitong for purchase of patents 0 15,534,631
Net cash provided by (used in) investing activities (73,502) 830,208
Effect of exchange rate changes on cash and cash equivalents 256,578 847,926
Net increase (decrease) in cash and cash equivalents 5,168,267 12,397,046
Cash and cash equivalents at beginning of period 22,146,240 6,046,804
Cash and cash equivalents at ending of period 27,314,507 18,443,850
Cash paid during the periods for:    
Interest 82,138.00 0
Income taxes 2,178,922 2,178,687
Non-cash financing activities:    
Stock issued for services 50,000  
Stock cancelled for return of patent $ 44,255,087 $ 0