Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
OPERATING ACTIVITIES    
Net Income $ 1,210,865 $ 1,960,236
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation expense 110,245 86,714
Common stock issued for services 208,750 0
Bad debt expense 9,958 0
Stock options issued for services 86,904 40,263
Changes in operating assets and liabilities:    
Changes in accounts receivable 449,996 (2,233,953)
Changes in inventories (1,451,619) (130,794)
Changes in prepaid expenses (13,143) 0
Changes in accounts payable and accrued liabilities (204,025) 209,961
Changes in income taxes payable (179,045) 330,989
Net Cash Provided by Operating Activities 228,886 263,416
INVESTING ACTIVITIES    
Purchase of fixed assets (258,233) (1,000,053)
Net Cash Used in Investing Activities (258,233) (1,000,053)
FINANCING ACTIVITIES    
Net Cash Provided by (Used in) Financing Activities 0 0
Effect of exchange rate changes on cash 762,078 (205,479)
NET INCREASE (DECREASE) IN CASH 732,731 (942,116)
CASH AT BEGINNING OF PERIOD 1,914,877 1,689,386
CASH AT END OF PERIOD 2,647,608 747,270
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 8,678 8,796
Income taxes $ 685,915 $ 405,537