v2.4.0.6

Consolidated Statement of Shareholders Equity (USD $)	Common Stock	Contributed Surplus	Accumulated Deficit	Other Comprehensive Income	Total
Balance at Mar. 31, 2010	$ 7,722,816	$ 531,825	$ (1,407,113)	$ (110,308)	$ (716,050)
Balance - Shares at Mar. 31, 2010	160,120,049
Gain on fair value of related party loans payable		629,430			629,430
Stock based compensation		256,438			256,438
Issuance of common shares and warrants, net	7,713,659	911,338			8,624,997
Issuance of common shares and warrants, net - shares	40,119,049
Noncontrolling interest					(13,026)
Net loss			(2,100,686)		(2,100,686)
Translation adjustment				184,047	184,047
Sale of interest in subsidiary					(247,363)
Balance at Mar. 31, 2011	15,436,475	2,329,031	(3,507,799)	73,739	6,617,787
Balance - Shares at Mar. 31, 2011	200,239,098
Stock based compensation		55,174			55,174
Net loss			(3,813,192)		(3,813,192)
Balance at Mar. 31, 2012	$ 15,436,475	$ 2,384,205	$ (7,320,991)	$ 73,739	$ 2,859,769
Balance - Shares at Mar. 31, 2012	200,239,098

Adjustment to additional paid-in-capital resulting from changes in market value of common and preferred stock issued to employee benefit trust but unearned.

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