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Consolidated Balance Sheets(USD ($))
Mar. 31, 2013
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 32,385,376 $ 39,792,733
Restricted cash 14,592,289 4,546,062
Available-for-sale investments 17,153 2,006,066
Accounts and bills receivable 19,713,608 30,273,062
Inventories 5,392,332 5,374,192
Prepaid expenses 181,224 149,558
Deposits and other assets 5,044,456 769,206
Amount due from a related party 18,841 11,798
Total current assets 77,345,279 82,922,677
Interests in jointly-controlled entities      
Property, plant and equipment, net 26,528,681 21,933,787
Land use rights, net 3,026,537 3,083,128
Deposits paid for purchase of property, plant and equipment 280,146 66,617
Available-for-sale investments 1,045,200 1,033,800
Total assets 108,225,843 109,040,009
Current liabilities:    
Short term bank loans 4,826,241 4,000,000
Accounts payable 7,134,526 8,163,510
Customer deposits 1,331,100 860,779
Accrued salaries, allowances and other employee benefits 4,367,642 3,102,335
Other accrued liabilities 9,643,638 6,637,851
Income tax payable 4,659,313 6,157,885
Total current liabilities 31,962,460 28,922,360
Deferred tax liabilities 5,180 27,017
Total liabilities 31,967,640 28,949,377
Commitments and contingencies      
Shareholders' equity:    
Common stock, par value US$0.04 per share; 12,500,000 shares authorized; 3,230,814 and 3,229,314 shares issued as of March 31, 2013 and 2012 129,233 129,173
Preferred stock, par value US$0.04 per share; 250,000 shares authorized; no shares issued      
Additional paid-in capital 85,053,402 84,786,226
Statutory reserves 1,238,361  
Accumulated deficit (15,932,941) (9,690,526)
Accumulated other comprehensive income 10,709,740 9,697,445
Less: Treasury stock, at cost, 189,587 shares as of March 31, 2013 and 2012 (4,663,321) (4,663,321)
Total Global-Tech Advanced Innovations Inc. shareholders' equity 76,534,474 80,258,997
Non-controlling interests (276,271) (168,365)
Total shareholders' equity 76,258,203 80,090,632
Total liabilities and shareholders' equity $ 108,225,843 $ 109,040,009