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Consolidated Balance Sheets(USD ($))
Mar. 31, 2014
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 22,820,300 $ 32,385,376
Time deposits 11,339,515   
Restricted cash 4,013,565 14,592,289
Available-for-sale investments 1,050,500 17,153
Accounts and bills receivable, net 21,216,884 19,713,608
Inventories 7,162,867 5,392,332
Prepaid expenses 123,462 181,224
Deposits and other assets 2,475,765 5,044,456
Amount due from a related party 12,569 18,841
Total current assets 70,215,427 77,345,279
Interests in jointly-controlled entities 0 0
Property, plant and equipment, net 26,316,958 26,528,681
Land use rights, net 2,923,424 3,026,537
Deposits paid for purchase of property, plant and equipment 212,134 280,146
Available-for-sale investments    1,045,200
Total assets 99,667,943 108,225,843
Current liabilities:    
Short term bank loans 7,279,629 4,826,241
Accounts payable 12,520,080 7,134,526
Customer deposits 1,138,500 1,331,100
Accrued salaries, allowances and other employee benefits 2,980,622 4,367,642
Other accrued liabilities 5,720,757 9,643,638
Income tax payable 4,233,169 4,659,313
Total current liabilities 33,872,757 31,962,460
Deferred tax liabilities 5,183 5,180
Total liabilities 33,877,940 31,967,640
Commitments and contingencies      
Shareholders' equity:    
Common stock, par value US$0.04 per share; 12,500,000 shares authorized; 3,233,814 and 3,230,814 shares issued as of March 31, 2014 and 2013 129,353 129,233
Preferred stock, par value US$0.04 per share; 250,000 shares authorized; no shares issued 0 0
Additional paid-in capital 85,103,910 85,053,402
Statutory reserves 1,340,229 1,238,361
Accumulated deficit (26,590,366) (15,932,941)
Accumulated other comprehensive income 10,854,689 10,709,740
Less: Treasury stock, at cost, 189,587 shares as of March 31, 2014 and 2013 (4,663,321) (4,663,321)
Total Global-Tech Advanced Innovations Inc. shareholders' equity 66,174,494 76,534,474
Non-controlling interests (384,491) (276,271)
Total shareholders' equity 65,790,003 76,258,203
Total liabilities and shareholders' equity $ 99,667,943 $ 108,225,843