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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:      
Net loss $ (6,475,890) $ (10,663,601) $ (2,071,259)
Plus: Income from discontinued operations, net of taxes   5,547,024 2,589,063
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Amortization 101,929 103,117 100,243
Depreciation 3,665,474 2,759,120 2,006,276
(Gain) Loss on disposal of property, plant and equipment 37,094 (134,669) 43,311
Provision for impairment of property, plant and equipment 7,907 159,209  
Stock compensation expense 4,517 36,378 258,128
Shares issued to an employee     9,108
Gain on disposal of available-for-sale investments   (1,052)  
Realized gain on available-for-sale investments   (13,980)  
Deferred tax (8,001)   (21,861)
Foreign exchange (34,275) (36,076) 451,079
Changes in operating assets and liabilities:      
Accounts and bills receivable 754,445 (5,406,403) 11,305,230
Prepaid expenses 28,182 43,768 (136,367)
Deposits and other assets 97,222 (1,875,017) 37,744
Inventories 757,417 (2,096,040) 176,868
Accounts payable 1,746,421 5,481,337 (538,343)
Accrued salaries, allowances and other employee benefits 95,015 97,808 1,217,697
Other accrued liabilities (654,305) 305,863 3,924,708
Amount due from a related party   6,272 (7,043)
Income tax payable (208,400) (423,781) (1,495,465)
Cash provided by (used in) operating activities-continuing operations (85,248) (6,110,723) 17,849,117
Cash provided by (used in) operating activities-discontinued operations   427,326 (7,903,004)
Net cash provided by (used in) operating activities (85,248) (5,683,397) 9,946,113
Cash flows from investing activities:      
Proceeds from disposal of property, plant and equipment   163,683 160
Deposits paid for purchase of property, plant and equipment 12,818 68,940 (209,801)
Purchases of property, plant and equipment (1,518,904) (5,987,481) (6,846,445)
Increase in time deposits (1,324,318) (11,339,515)  
Proceeds from disposal of available-for-sale investments 1,000,000 18,218 2,000,000
Cash used in investing activities-continuing operations (1,830,404) (17,076,155) (5,056,086)
Cash used in investing activities-discontinued operations   (32,682) (260,517)
Net cash used in investing activities (1,830,404) (17,108,837) (5,316,603)
Cash flows from financing activities:      
Receipts (Deposits) of restricted cash (5,832,940) 10,738,758 (9,850,513)
Proceeds from (Repayments of) short-term bank loans (513,390) 2,478,656 757,941
Proceeds from exercise of stock options   14,250  
Cash dividend paid     (3,040,753)
Cash provided by (used in) financing activities - continuing operations (6,346,330) 13,231,664 (12,133,325)
Cash used in financing activities - discontinued operations 0 0 0
Net cash provided by (used in) financing activities (6,346,330) 13,231,664 (12,133,325)
Effect of foreign exchange rate changes on cash (56,364) (4,505) 96,458
Net decrease in cash and cash equivalents (8,318,346) (9,565,076) (7,407,357)
Cash and cash equivalents at beginning of fiscal year 22,820,300 32,385,376 39,792,733
Cash and cash equivalents at end of fiscal year 14,501,954 22,820,300 32,385,376
Supplemental disclosure information:      
Cash paid for interest 240,587 137,687 109,749
Cash paid for taxes $ 5,762 $ 169,526 $ 700,334