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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Mar. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 55 $ 3
Accounts receivable, net of allowance for doubtful accounts of $15 and $15, respectively 5,283 1,466
Accounts receivable pledged as security to creditors 0 1,843
Inventories, net 19,821 16,893
Advances to suppliers, net of allowance for doubtful accounts of $170 and $175, respectively 50,429 32,165
Taxes receivable 114 0
Deferred tax assets 3 3
Other receivable 42 342
Total current assets 75,747 52,715
NON-CURRENT ASSETS    
Property and equipment, net 4,397 374
Goodwill 2,698 0
Total non-current assets 7,095 374
TOTAL ASSETS 82,842 53,089
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 1,476 538
Interest payable 1,665 382
Advances from customers 1,319 1,106
Taxes payable 7,201 3,491
Lines of credit payable 45,229 46,968
Notes payable 1,392 0
Capital lease obligations 625 0
Loans payable to related parties 477 0
Total current liabilities 59,384 52,485
Commitments and contingencies (Note 4) 0 0
STOCKHOLDERS' EQUITY    
Preferred stock; $0.001 par value; 5,000,000 shares authorized; none outstanding 0 0
Common stock; par value of $0.001; 100,000,000 shares authorized; 33,333,376 and 23,311,667 shares issued and outstanding at December 31, 2013 and March 31, 2013, respectively 33 23
Additional paid-in capital 15,052 6,375
Retained earnings 8,318 4,801
Contributions receivable 0 (10,705)
Accumulated other comprehensive loss 55 110
Total stockholders' equity 23,458 604
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 82,842 $ 53,089