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Condensed Consolidated Statements of Cash Flows (USD $)
6 Months Ended52 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:   
Net income/(loss)$ 3,251,575$ 16,749,667$ (19,115,631)
Adjustment to reconcile net loss to net cash used in operating activities:   
Depreciation and amortization3,4576,00244,960
Amortization of deferred financing costs020,735886,060
Compensatory stock and warrants364,648125,0004,256,097
Bad debt expense6,31410,73117,045
Derivative expense/(income)(1,038,032)(4,593,814)268,495
Impairment loss00507,500
Fair value adjustment of convertible note(3,253,876)(12,788,083)(196,603)
Stock subscription receivable0(187,076)0
Loss on debt extinguishment01,0343,420,107
Amortization of debt discount173,62318,570805,059
Loss on disposal of fixed assets003,914
Loss on sale of marketable securities008,338
Changes in operating assets and liabilities:   
Accounts receivable(16,090)(140)(53,348)
Prepaid expenses and other assets37,81543,574(164,287)
Inventories(53,261)10,539(133,456)
Deferred revenue9,234028,169
Accounts payable and accrued liabilities(210,390)(194,322)4,471,108
Net cash used in operating activities(724,983)(777,583)(4,946,473)
CASH FLOWS FROM INVESTING ACTIVITIES:   
Purchase of equipment(1,694)(597)(32,859)
Proceeds from sale of marketable securities0067,663
Trademarks0(579)(69,359)
Net cash used in investing activities(1,694)(1,176)(34,555)
CASH FLOWS FROM FINANCING ACTIVITIES:   
Proceeds from convertible notes payable500,000955,0004,085,000
Proceeds from short-term bridge loans payable125,00025,0001,805,000
Costs associated with financing0(176,000)(371,062)
Repayment of notes(125,000)(46,250)(533,750)
Capital contribution - common stock002,500
Net cash provided by financing activities500,000757,7504,987,688
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS(226,677)(21,009)6,660
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD233,33738,6110
CASH AND CASH EQUIVALENTS AT END OF PERIOD$ 6,660$ 17,602$ 6,660