Marizyme (MRZM) 10-K/A 31 Mar 14 2011 FY Annual report (amended) Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2011	Mar. 31, 2014	Jun. 30, 2012
Document Information [Line Items]	'	'	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Dec-11	'	'
Document Fiscal Year Focus	'2011	'	'
Document Fiscal Period Focus	'FY	'	'
Trading Symbol	'GBSX	'	'
Entity Common Stock, Shares Outstanding	'	31,904,291	'
Entity Registrant Name	'GBS Enterprises Inc	'	'
Entity Central Index Key	'0001413754	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	'	$10,040,666

Annual_Consolidated_Balance_Sh

Annual Consolidated Balance Sheets (USD $)	Dec. 31, 2011	Dec. 31, 2010
Current Assets	'	'
Cash and cash equivalents - Note 6	$3,142,308	$1,872,068
Accounts Receivable - Note 7	4,850,507	5,712,157
Inventories - Note 2	236,712	0
Prepaid expenses - Note 8	389,772	1,420,662
Other current receivables - Note 10	680,693	1,983,219
Assets held for sale - Note 9	682,999	0
Total current assets	9,982,991	10,988,106
Non-Current Assets	'	'
Property, plant and equipment - Note 11	521,976	297,011
Other non-current receivables - Note 12	548,909	1,370,374
Investments in related company, at equity - Note 5	244,219	0
Deferred tax assets - Note 28	2,451,800	257,859
Goodwill - Note 13	39,221,603	31,004,262
Software - Note 14	14,249,905	16,360,884
Other assets - Note 15	93,268	223,780
Assets held for sale - Note 9	1,388,723	0
Total non-current assets	58,720,403	49,514,170
Total assets	68,703,394	60,502,276
Current liabilities	'	'
Notes payable - Note 16	1,381,821	1,441,263
Liabilities to banks - Note 17	19,595	50,358
Accounts payables and accrued liabilities - Note 18	6,078,711	4,804,434
Deferred income - Note 19	6,341,575	6,212,630
Other short term liabilities - Note 20	4,252,240	2,821,898
Due to related parties - Note 21	432,421	0
Liabilities held for sale - Note 9	552,031	0
Total current liabilities	19,058,394	15,330,583
Non - Current liabilities	'	'
Liabilities to banks - Note 22	3,463,483	780,801
Retirement benefit obligation - Note 27	150,632	154,065
Other long term liabilities - Note 23	2,266,075	6,131,492
Liabilities held for sale - Note 9	7,662	0
Total non-current liabilities	5,887,852	7,066,358
Total liabilities	24,946,246	22,396,941
Capital stock - Note 24 Authorized: 75,000,000 common shares of $.001 par value each 25,000,000 preferred shares of $.001 par value each	'	'
Issued and outstanding: 27,306,664 shares of common stock	27,307	33,462,416
Additional paid in capital	47,446,318	4,335,986
Accumulated deficit	-12,147,666	-53,544
Other comprehensive income	494,206	366,377
Stockholders' Equity Attributable to Parent, Total	35,820,165	38,111,235
Noncontrolling interest in subsidiaries	7,936,983	-5,900
Total stockholders' equity	43,757,148	38,105,335
Total stockholders' equity and liabilities	$68,703,394	$60,502,276

Annual_Consolidated_Balance_Sh1

Annual Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2011	Dec. 31, 2010
Capital Stock, Authorized common shares	75,000,000	75,000,000
Capital Stock, Authorized peferred shares	25,000,000	25,000,000
Capital Stock, common shares par value	$0.00	$0.00
Capital Stock, peferred shares par value	$0.00	$0.00
Issued common stock	27,306,664	27,306,664
Outstanding common stock	27,306,664	27,306,664

Annual_Consolidated_Statements

Annual Consolidated Statements of Operations and Comprehensive Income/(Loss) (USD $)	3 Months Ended			12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010		Dec. 31, 2011	Dec. 31, 2010
Revenues - Note 25	'	'		'	'
Products	$6,291,196	$8,149,829		$21,787,910	$22,270,033
Services	661,545	1,357,742		6,485,182	5,197,178
Revenue, Net, Total	6,952,741	9,507,572		28,273,092	27,467,211
Cost of goods sold	'	'		'	'
Products	1,598,997	3,459,926		5,575,747	7,746,773
Services	3,272,805	1,812,662		10,322,435	6,213,732
Cost of Goods and Services Sold, Total	4,871,803	5,272,588		15,898,182	13,960,504
Gross profit	2,080,938	4,234,984		12,374,910	13,506,707
Operating expenses	'	'		'	'
Selling expenses	3,149,098	2,981,570		15,426,600	10,518,631
Administrative expenses	1,321,724	1,095,845		6,160,961	3,820,150
General expenses	83,212	402,051		926,129	1,148,460
Operating Expenses, Total	4,554,035	4,479,466		22,513,690	15,487,241
Operating income (loss)	-2,473,096	-244,483		-10,138,780	-1,980,534
Other Income (expense) - Note 26	'	'		'	'
Other Income (expense)	-15,959,654	1,507,708		-15,894,738	2,373,085
Interest income	14,694	-2,801		33,948	16,653
Interest expense	-144,654	-159,960		-406,407	-467,199
Nonoperating Income (Expense), Total	-16,089,613	1,344,947		-16,267,197	1,922,538
Income (loss) before income taxes	-18,562,709	1,100,464		-26,405,977	-57,996
Income tax (income) expense	-45,472	3,671,248		-2,151,211	3,254,651
Income before extraordinary items, discontinued operations	-18,517,237	-2,570,783		-24,254,766	-3,312,647
Discontinued operations	521,979	0		521,979	0
Net income (loss) before extraordinary items	-17,995,258	-2,570,783		-23,732,787	-3,312,647
Extraordinary items	0	0		0	0
Net Income (loss)	-17,995,258	-2,570,783		-23,732,787	-3,312,647
Net Loss attributable to noncontrolling Interest	-9,075,158	-112		-11,567,489	-9,108
Net income (loss) attributable to stockholders	-8,920,100	-2,570,671		-12,165,298	-3,303,539
Net earnings (loss) per share, basic and diluted	($0.35)	'	[1]	($0.45)	'	[1]
Weighted average number of common stock outstanding, basic and diluted	25,139,198	'	[1]	27,247,958	'	[1]
Statement of Comprehensive Income (Loss)	'	'		'	'
Net Income (loss)	-17,995,258	-2,570,783		-23,732,787	-3,312,647
Foreign Currency Translation Adjustment	295,718	0		-125,751	0
Comprehensive income (loss)	-17,699,540	-2,570,783		-23,858,538	-3,312,647
Less: Net Income (Loss) attributable to noncontrolling interest	-9,075,158	-112		-11,567,489	-9,108
Less: Other Comprehensive Income (Loss) attributable to noncontrolling interest	147,563	0		-62,750	0
Total Comprehensive income (loss) attributed to stockholders	($8,771,945)	($2,570,671)		($12,228,299)	($3,303,539)
[1]	N/A. No determination of weighted average or earnings per shares was calculated as this was a predecessor company and comparison is not relevant.

Annual_Consolidated_Statements1

Annual Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Cash flow from operating activities	'	'
Net loss / net income	($23,732,787)	($3,312,647)
Loss from discontinued operations	-521,979	0
Adjustments:	'	'
Deferred income taxes	-2,193,941	3,760,469
Depreciation and amortization	5,840,688	2,820,412
Consulting expense	34,000	0
Changes in operating assets and liabilities:	'	'
Accounts receivable and other assets	4,147,043	6,926,260
Retirement benefit obligation	-3,433	4,683
Inventories	-236,712	113,491
Accounts payable and other liabilities	-1,031,853	1,437,000
Net cash provided (used) by operating activities	-17,698,974	11,749,668
Cash flow from investing activities	'	'
Purchase or Sale of Intangible assets	-3,941,396	-6,416,824
Purchase of Equity Investment	-244,219	0
Purchase or Sale of Subsidiaries	-1,910,529	-1,059,410
Increase (Decrease) in Financial assets	13,465,619	0
Net cash provided (used) in investing activities	7,369,475	-7,476,234
Cash flow from financing activities	'	'
Net borrowings - banks	2,651,919	-2,464,311
Other borrowings	-59,442	1,441,263
Capital paid-in	9,703,920	0
Net Borrowings from related party	432,421	0
Net cash provided (used) in financing activities	12,728,818	-1,023,048
Cash flow from discontinued operations	'	'
Net cash provided by (used in) operating activities	-990,050	0
Net Cash Provided by (Used in) Discontinued Operations	-990,050	0
Effect of exchange rate changes on cash	-139,029	-3,087,089
Net increase (decrease) in cash	1,270,240	163,297
Cash and cash equivalents - Beginning of year	1,872,068	1,708,771
Cash and cash equivalents - End of year	$3,142,308	$1,872,068

Annual_Consolidated_Statements2

Annual Consolidated Statements of Equity (USD $)

Total

Pavone AG

GroupWare Inc.

IDC Global, Inc.

SD Holdings

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Additional Paid in Capital

Additional Paid in Capital

Additional Paid in Capital

Additional Paid in Capital

Additional Paid in Capital

Accumulated Other Comprehensive Income (Loss)

Accumulated Deficit

Equity Attributable to Noncontrolling Interests

Pavone AG

GroupWare Inc.

IDC Global, Inc.

SD Holdings

Pavone AG

GroupWare Inc.

IDC Global, Inc.

SD Holdings

Balance at Dec. 31, 2010

$38,105,335

'

'

'

'

$16,500

'

'

'

'

$27,221,755

'

'

'

'

$557,207

$17,632

$19,567,222

Balance (in shares) at Dec. 31, 2010

'

'

'

'

'

16,500,000

'

'

'

'

'

'

'

'

'

'

'

'

March 28, 2011, issued with sale of units at $1.25 /unit (in Shares)

'

'

'

'

'

6,044,000

'

'

'

'

'

'

'

'

'

'

'

'

March 28, 2011, issued with sale of units at $1.25 /unit

6,678,950

'

'

'

'

6,044

'

'

'

'

6,672,906

'

'

'

'

'

'

'

Issued on purchase (in shares)

'

'

'

'

'

'

999,790

250,000

880,000

612,874

'

'

'

'

'

'

'

'

Issued on purchase

'

4,900,000

1,085,000

3,256,000

1,256,450

'

1,000

250

880

613

'

4,899,000

1,084,750

3,255,120

1,255,837

'

'

'

April 1, 2011, Warrants issued for services

34,000

'

'

'

'

0

'

'

'

'

34,000

'

'

'

'

'

'

'

December 13, 2011, warrants exercised at $1.50 /sh (in shares)

'

'

'

'

'

2,020,000

'

'

'

'

'

'

'

'

'

'

'

'

December 13, 2011, warrants exercised at $1.50 /sh

3,024,970

'

'

'

'

2,020

'

'

'

'

3,022,950

'

'

'

'

'

'

'

Net comprehensive loss for the year

-23,858,538

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-63,001

-12,165,298

-11,630,239

Balance at Dec. 31, 2011

$43,757,148

'

'

'

'

$27,307

'

'

'

'

$47,446,318

'

'

'

'

$494,206

($12,147,666)

$7,936,983

Balance (in shares) at Dec. 31, 2011

'

'

'

'

'

27,306,664

'

'

'

'

'

'

'

'

'

'

'

'

Annual_Consolidated_Statements3

Annual Consolidated Statements of Equity (Parenthetical) (USD $)	0 Months Ended	1 Months Ended
	Dec. 13, 2011	Mar. 28, 2011
Shares issued per unit	'	$1.25
Warrants exercised per share	$1.50	'

COMPANY_AND_BACKGROUND

COMPANY AND BACKGROUND	12 Months Ended
	Dec. 31, 2011
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
COMPANY AND BACKGROUND	'
	Note 1	COMPANY AND BACKGROUND
	Overview
	GBS Enterprises Incorporated, a Nevada corporation (the “Company,” “GBS,” “GBSX,” “we,” “us,” “our” or similar expressions), conducts its primary business through its 50.1% owned subsidiary, GROUP Business Software AG (“GROUP”), a German-based public-company whose stock trades on the Frankfurt Exchange under the stock symbol INW.  GROUP’s software and consulting business is focused on serving IBM’s Lotus Notes and Domino market.   Headquartered in Eisenach, Germany, the Company has offices throughout Europe and North America. The Company maintains a website at www.gbsx.us. GROUP maintains a website at www.gbs.com. The information contained in the Company’s and GROUP’s websites is not incorporated by reference herein.
	The Company’s Common Stock is quoted on the OTC Bulletin Board under the ticker symbol “GBSX.”
	To that end, in 2011, we acquired and developed technologies that help organizations reduce the time, cost, resources and risks associated with these highly complex migration and modernization projects.
	Products & Services
	GBS has grown by consolidating the fragmented Lotus Software market through the acquisition of companies with complementary product, technology or services offerings. GBS has continuously developed its software and service business to service and support GBS’s expanding Lotus customer base.
	Messaging and Business Applications Software & Solutions
	GBS Messaging and Business Application Software & Solutions product lines include software and advisory services for email and Instant Messaging (IM) Management, Security, Compliance, Archiving and Productivity, CRM Applications, Governance, Risk & Compliance (GRC) Management software, Workflow and Business Process Management software, ePDF Archiving & Document Management.
	GBS develops, sells and installs business process and management software suites based on Lotus Notes / Domino and IBM Portal technology, mainly for major international companies and medium-sized customers.
	Through GBS’s comprehensive messaging software product lines and associated services, Lotus Notes, Microsoft Exchange or SMTP-based-email customers, as well as Lotus Sametime, customers are able to provide their users with secure and centrally administered use of e-mail and IM while maintaining control over their compliance with current legal requirements and corporate guidelines.
	Consulting Services
	GBS develops, sells and orchestrates customer-specific Lotus Domino strategy and consulting services.
	GBS Consulting Services’ global teams of consultants use modern project management techniques, proprietary methodologies and GBS accelerator technologies to complete client projects on time and with reduced risk.
	As a Premier IBM Business Partner, GBS is one of the few partners that can sell and support licenses for all five IBM software brands: Lotus, WebSphere, Rational, Tivoli, and DB2.
	GBS Lotus Application Modernization and Migration
	GBS Lotus Application Modernization and Migration activities are focused on the IBM Lotus / Domino applications market and the offering spans from expert services and accelerator technologies to modernized, web enabled (also named “cloud” or “cloud computing”) and migrated Lotus applications; and thus ultimately take the Lotus applications from legacy to the future. The foundation of the Modernizing/Migrating Suite Software offering is GBS’s significant R&D investment in a set of methodologies and key technology accelerators to automate the conversion of traditional Notes based client-server applications, into the IBM XPages framework which enables Domino applications to be run and accessed via the Lotus client, a web browser or on a mobile device.
	Revenue Model
	GBS generates its revenue from the sale of internally created software, third-party developed software and the delivery of related services, including IT systems planning, administration, support, hosting, implementation and integration.
	General Corporate History
	GBS Enterprises Incorporated was incorporated in Nevada on March 20, 2007 as SWAV Enterprises Ltd. (“SWAV”). SWAV had a different management team and was in a different industry.
	On April 26, 2010, SWAV purchased certain technology assets of Lotus Holdings Ltd. (“Lotus”) in consideration for an aggregate of 2,265,240 shares of SWAV common stock. Also on April 26, 2010, Lotus (on behalf of the SPPEF Members as discussed below) purchased an aggregate of 11,984,770 shares of SWAV common stock from certain SWAV stockholders for $370,000. As a result of these transactions, Lotus acquired a total of 14,250,010 shares of SWAV common stock which represented approximately 95.0% of the 15,000,000 outstanding shares of SWAV common stock on April 26, 2010.
	On September 6, 2010, SWAV’s name was changed to GBS Enterprises Incorporated. On October 14, 2010, the Company’s trading symbol on the OTC Bulletin Board was changed from SWAV to GBSX.
	About Lotus Holdings, Ltd.
	Lotus is a holding company which was formed under the laws of Gibraltar for the purpose of financing merger and acquisition projects, specifically in the niche market of small or microcap companies listed on the Frankfurt Stock Exchange with complex shareholder structures and whose stock is trading below one Euro (€1.00) per share.
	SPPEFs
	Lotus typically finances its merger and acquisition projects through the use of Special Purpose Private Equity Funds (“SPPEFs”). Typically, SPPEFs are funded by a company’s major shareholders (the “Major Shareholders”) seeking to raise capital for projects and who fund at least 50% of the SPPEF, with the remaining portion being provided through the investment community and network of investors in Lotus. Each SPPEF is co-managed by a representative of the Major Shareholders (the “Representative Secretary”) and an attorney appointed by Lotus (the “Lotus Representative”).
	On February 25, 2010, a group of shareholders (the “GROUP Major Shareholders”) of GROUP Software AG, a German public company trading on the Frankfurt Stock Exchange under the symbol “INW” (“GROUP”), engaged Lotus to provide financial consulting and advisory services, on a non-exclusive basis, for the primary task of establishing a SPPEF. On March 12, 2010, the GROUP Major Shareholders and Lotus established and funded a SPPEF with $1,400,000, consisting of $1,000,000 from the GROUP Major Shareholders and $400,000 from a Lotus investor (collectively, the “SPPEF Members”).
	In early April 2010, the SPPEF Members decided to acquire SWAV. As disclosed above, on April 26, 2010, Lotus, on behalf of the SPPEF Members, acquired an aggregate of 11,984,770 shares of SWAV common stock from the selling shareholders of SWAV for an aggregate purchase price of $370,000. The 11,984,770 shares of SWAV common stock shares represented approximately 79.9% of the 15,000,000 outstanding shares of SWAV common stock on April 26, 2010.
	Transactions following the April 26, 2010 Transaction
	On November 1, 2010, the Company repurchased an aggregate of 3,043,985 of the 11,984,770 shares of the Company’s common stock originally purchased by Lotus on April 26, 2010. In consideration for these 3,043,985 shares, the Company issued to Lotus a Secured Demand Note, dated November 1, 2010 (the “First Demand Note”), for the principal amount of $300,000, bearing interest at the rate of 5% per annum. The First Demand Note was repaid in September 2011.
	Effective December 30, 2010, pursuant to securities purchase agreements between the Company and six GROUP Major Shareholders, the Company purchased an aggregate of 7,115,500 shares of GROUP common stock from the six GROUP Major Shareholders in consideration for the 3,043,985 shares of GBS common stock (the “December 2010 Transaction”). As a result, the Company owned approximately 28.2% of the outstanding common stock of GROUP.
	Reverse Merger
	After the December 2010 Transaction was completed, the additional GROUP Major Shareholders decided to accept the share swap offer from the Company and to effectuate a reverse merger of GROUP and the Company. To effectuate the reverse merger, on January 5, 2011, the Company repurchased from Lotus an aggregate of 2,361,426 of the 11,984,770 shares of the Company’s common stock originally purchased by Lotus on April 26, 2010. In consideration for these 2,361,426 shares, the Company issued to Lotus a Secured Demand Note, dated January 5, 2011 (the “Second Demand Note”), for the principal amount of $200,000, bearing interest at the rate of 5% per annum. The Second Demand Note was repaid in November 2011.
	Effective January 6, 2011, pursuant to securities purchase agreements between the Company and the remaining GROUP Major Shareholders, the Company purchased an aggregate of 5,525,735 shares of GROUP common stock from the remaining GROUP Major Shareholders in consideration for the 2,361,426 shares of GBS common stock (the “January 2011 Transaction”). These 5,525,735 GROUP shares represented approximately 21.9% of the outstanding shares of common stock of GROUP. As a result of the December 2010 Transaction and January 2011 Transaction, the Company had acquired an aggregate of 12,641,235 shares of GROUP common stock from the GROUP Major Shareholders in consideration for an aggregate of 5,405,411 shares of GBS common stock, resulting in GBS owning approximately 50.1% of the outstanding GROUP common stock and effectuating a reverse merger of the Company and GROUP whereby GROUP became the accounting acquirer.
	Acquisition/Dissolution of Subsidiary Companies
	Pavone AG
	Effective April 1, 2011, the Company acquired 100% of the outstanding common stock of Pavone AG, a German corporation (“Pavone”), for $350,000 in cash and 1,000,000 shares of GBS common stock. The fair value of the GBS common stock was determined to be $4.90 per share, representing the market value at the end of trading on the date of the acquisition. The total value of the investment, including the assumption of $583,991 in debt, was $5,833,991. Pavone’s workflow software for Lotus Notes and Domino along with their customer base is well suited to GBS Enterprises portfolio strategy.
	GroupWare, Inc.
	Effetive June 1, 2011, the Company acquired 100% of the outstanding common stock of GroupWare, Inc., a Florida corporation (“GroupWare”), for $250,000 and 250,000 shares of GBS common stock. The fair value of the GBS common stock was determined to be $4.34 per share, representing the market value at the end of trading on the date of the acquisition. The total value of the investment, including the assumption of $694,617 in debt was $2,029,617. Upon the consummation of the acquisition, the management and board of GroupWare resigned and Joerg Ott, the Company’s Chief Executive Officer and sole director, was appointed as the Chief Executive Officer and sole director of GroupWare. GroupWare's ePDF server delivers centralized, network-wide PDF solutions for messaging, workflow, document, content and data management.
	IDC Global, Inc.
	On July 25, 2011, the Company acquired 100% of the outstanding common stock of IDC Global, Inc., a Delaware corporation (“IDC”), for 880,000 shares of GBS common stock and made a cash payment of $775,000. The fair value of the GBS common stock was determined to be $3.70 per share, representing the market value at the end of trading on the date of the agreement. The total value of the investment, including $35,000 of debt assumption, was $4,066,000. IDC was a privately held company that provides nationwide network and data center services.
	SD Holdings, Ltd.
	On September 27, 2011, the Company entered into an acquisition agreement with SD Holdings, Ltd. (“SYN”), a Mauritius corporation, and the shareholders of SYN owning 100% of issued and outstanding shares of SYN. SYN owns 100% of all issued and outstanding shares of Synaptris, Inc., a California corporation (“Synaptris”), and 100% of all issued and outstanding shares of Synaptris Decisions Private Limited, a company formed in India (“Synaptris India”). Pursuant to the acquisition agreement, the Company purchased one hundred percent (100%) of the issued and outstanding shares of SYN (“SYN Shares”) effective November 1, 2011 in consideration for $525,529 and agreed to issue 700,000 shares of common stock, subject to adjustment. Actual shares issued were 612,874. The fair value of the common stock was determined to be $2.05 per share, representing the market value at the end of trading on the date of the agreement.
	In accordance with ASC Topic 805, presented below are the unaudited pro forma results of the aforementioned acquisitions and combined entities for the 2011 interim periods and the year-end restated results for December 31, 2010. To disclose the effect on our consolidated results of operations, acquisitions completed during the fiscal year ended December 31, 2011 are presented as if they had occurred at the beginning of the reporting period (i.e., as of January 1, 2011).
	Unaudited Supplemental Pro Forma
	2011 Interim Results & Fiscal Year Ended December 31, 2010 Results
			Pre-Combination										Post Combination						Annual
	Subsidiary		Date		Revenue				Earnings				Date	Revenue		Earnings			Date		Revenue		Earnings
			Interim		($)				($)				Interim	($)		($)			2010		($)		($)
			2011										2011
	Pavone AG		1/1/2011 -			1,041,409				176,369			4/1/2011 -		132,429		18,477			1/1/2010 -		3,445,246		(337,770	)
			3/31/11										12/31/11							12/31/10
	GroupWare, Inc.		1/1/2011 -			201,333				(83,901	)		6/1/2011 -		-		-			1/1/2010 -		861,853		63,131
			5/31/11										12/31/11							12/31/10
	IDC Global, Inc.		1/1/2011 -			3,030,934				80,316			7/25/2011 -		2,169,988		455,188			1/1/2010 -		5,025,883		127,145
			7/24/11										12/31/11							12/31/10
	SD Holdings, Ltd.		1/1/2011 -			1,394,096				(653,760	)		10/1/2011 -		239,781		(38,617	)		1/1/2010 -		2,500,457		(1,244,249	)
			9/30/11										12/31/11							12/31/10
	Unaudited Supplemental Pro Forma
	Combined Entity Figures
	Year End 2011 & 2010
			Consolidated Figures
		Date *		Revenue				Comprehensive
								Income (Loss)
				($)				($)
GBS Enterprises		1/1/2011 -			28,273,092				-23,858,538
		12/31/11
GBS Enterprises		1/1/2010 -			27,467,211				-3,312,647
		12/31/10
*Restated for 2010 and 2011
In accordance with ASC Topic 805-30-50-2, presented below are the purchase price allocations for the acquistions made during the fiscal year:
		IDC				Pavone				GroupWare			SD Holdings
Purchase price paid
Value GBS shares		$	3,256,000			$	4,900,000			$	1,085,000		$	1,256,392
Cash		$	775,000			$	350,000			$	250,000		$	525,529
Assumed debt / Other liabilities		$	-35,000			$	-583,991			$	-694,617		$	-853,116
Total purchase consideration		$	4,066,000			$	5,833,991			$	2,029,617		$	2,635,037
Assets Acquired
Working capital		$	883,005							$	721,506		$	326,405
Trademarks / Tradenames						$	319,700			$	95,900
Customer relationships		$	188,595			$	557,900			$	218,100
Goodwill		$	2,994,400			$	4,956,391			$	994,111		$	2,308,632
TOTAL Enterprise Value		$	4,066,000			$	5,833,991			$	2,029,617		$	2,635,037

ACCOUNTING_POLICIES

ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2011
Accounting Policies [Abstract]	'
ACCOUNTING POLICIES	'
	Note 2	ACCOUNTING POLICIES
	The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America, the more significant of which are as follows:
	Critical Accounting Policies and Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Segment Reporting
	The Financial Accounting Standards Board (“FASB”) authoritative guidance regarding segment reporting establishes standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. It also establishes standards for related disclosures about products and services, geographic areas and major customers. The Company has determined that it operates in only one segment – the development and maintenance of computer software programs and support products.
	Comprehensive Income (Loss)
	The Company adopted the FASB Codification topic (“ASC”) 220, “Reporting Comprehensive Income”, which establishes standards for the reporting and display of comprehensive income and its components in the financial statements. Comprehensive income consists of net income and other gains and losses affecting stockholder's equity that are excluded from net income, such as unrealized gains and losses on investments available for sale, foreign currency translation gains and losses and minimum pension liability. Since inception, the Company’s other comprehensive income represents foreign currency translation adjustments and small net actuarial losses on pension plans.
	Net Income per Common Share
	ASC 260, “Earnings per share”, requires dual presentation of basic and diluted earnings per share (EPS) with a reconciliation of the numerator and denominator of the EPS computations. Basic earnings per share amounts are based on the weighted average shares of common stock outstanding. If applicable, diluted earnings per share would assume the conversion, exercise or issuance of all potential common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. Diluted net income (loss) per share on the potential exercise of the equity-based financial instruments is not presented where anti-dilutive. Accordingly, although the diluted weighted average number of common stock outstanding is disclosed on the statements of operation, the calculated net loss per share is the same for both the basic and diluted as both are based on the basic weighted average of common stock outstanding. There were no adjustments required to net income for the period presented in the computation of diluted earnings per share.
	Financial Instruments
	Financial instruments consist of cash and cash equivalents, accounts and other receivable, financial assets, notes payable, liabilities to banks, accounts payable, accrued liabilities and other liabilities, due to related parties and retirement benefit obligations. Financial assets and liabilities are measured upon first recognition and reviewed at the financial statement date. Changes in fair value are recognized through profit and loss. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments.
	Currency Risk
	We use the United States dollar as our reporting currency. The functional currencies of our significant foreign subsidiaries are the local currency, which includes the Euro, the British Pound, the Indian Rupee, and the Bulgarian Lev. Accordingly, some assets and liabilities are incurred in those currencies and we are subject to foreign currency risks.
	Fair Value Measurements
	The Company follows ASC 820, “Fair Value Measurements and Disclosures”, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis. This new accounting standard establishes a single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk.
	The Company has adopted ASC 825, Financial Instruments, which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Company has not elected the fair value option for any eligible financial instruments.
	Cash and cash equivalents
	The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.
	Inventories
	Pursuant to ASC 330 (Inventories), inventories held for sale are recognized under inventories. Inventories were measured at the lower of cost or market. Cost is determined on a first-in-first out basis, without any overhead component.
	Goodwill and other Intangible Assets
	Intangible assets predominately comprise goodwill, acquired software and capitalized software development services. Intangible assets acquired in exchange for payment are reflected at acquisition costs. If the development costs can be capitalized per ASC 985-20-25, these are reflected as ascribable personnel and overhead costs.
	Company created software can be intended for sale to third parties or used by the Company itself. If the conditions for capitalization are not met, the expenses are recorded with their effect on profit in the year in which they were incurred.
	The Company amortizes intangible assets with a limited useful life to the estimated residual book value in accordance with ASC regulations. In addition, in special circumstances according to ASC 350-30, a recoverability test is performed and, if applicable, unscheduled amortization is considered.
	The useful life of acquired software is between three and five years and three years for Company created software.
	Intangible assets obtained as part of an acquisition which do not meet the criteria for a separate entry are identified as goodwill. Goodwill is reviewed once a year during an impairment test, whereby the appraised fair value of the invested capital of the reporting unit, is compared with the carrying (book) value of its invested capital amount (including goodwill.) Use value is generally applied in order to determine the recoverability of goodwill and intangible assets with an indefinite useful life. The projected financial plan prepared by the management serves as the basis for this determination of use value and the planning assumptions are each adjusted for the current state of knowledge. Reasonable assumptions regarding macroeconomic trends and historical developments are taken into account in making these adjustments. Future estimated cash flows are determined based on the expected growth rates of the markets in question.
	If the carrying amount of the reporting unit exceeds the appraised fair value, the impairment based on use value measures the amount of loss, if any, and an unscheduled amortization expense is recorded. If the appraised value of the reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered to be impaired.
	Property, Plant and Equipment
	Property, plant and equipment are valued at acquisition or manufacturing costs reduced by scheduled and, if necessary, unscheduled depreciation. Fixed assets are depreciated on a straight-line basis, prorated over their expected useful life. Scheduled depreciation for property, plant and equipment is based on useful lives of 3 to 10 years. Leasehold Improvements are depreciated up to 40 years.
	If fixed assets are sold, retired or scrapped, the profit or loss arising from the difference between the net sales proceeds and the residual book value are included under other operating earnings and expenses.
	Impairment or Disposal of Long-Lived Assets
	The Company evaluates the recoverability of its fixed assets and other assets in accordance with ASC topic, 360.10. This guidance requires recognition of impairment of long-lived assets in the event the net book value of such assets exceeds its’ expected cash flows or appraised value In this instance, the asset is considered to be impaired and is written down to fair value.
	Revenue Recognition
	Sources of Revenues:
	License revenues
	Our license revenues consist of revenues earned from the licensing of our software products. These products are generally licensed on a perpetual basis. Pricing models have generally been based either upon the physical infrastructure, such as the number of physical desktop computers or servers, on which our software runs or on a per user basis. License revenues are recognized when the elements of revenue recognition for the licensed software are complete, generally upon electronic shipment of the software and the software key to provide full access to all functionalities for our customers. In general, our invoices reflect license, service and maintenance components. In the case of multi element contracts, the revenues allocated to the software license in most cases represent the residual amount of the contract after the fair value of the other elements has been determined. Certain products of our software offering are licensed on a subscription basis.
	Software maintenance revenues
	Software maintenance revenues are recognized ratably on a pro-rata basis over the range of the contract period. Our contract periods typically range from one to five years. Vendor-specific objective evidence (“VSOE”) of fair value for software maintenance services is established by the rates charged in stand-alone sales of software maintenance contracts or the stated renewal rate for software maintenance. Customers who are party to software maintenance agreements with us are entitled to receive support, product updates and upgrades on a when-and-if-available basis.
	Professional services revenues
	Professional services include pre-project consulting, software design, customization, project management, implementation and training. Professional services are not considered essential to the functionality of our products, as these services do not alter the product capabilities and may be performed by our customers or by other vendors. Professional services engagements performed for a fixed fee, for which we are able to make reasonably dependable estimates of progress toward completion, are recognized on a proportional performance basis based on hours incurred and estimated hours of completion. Professional services engagements that are on a time and materials basis are recognized based on hours incurred. Revenues on all other professional services engagements are recognized upon completion. Our professional services may be sold with software products or on a stand-alone basis. Vendor Specific Objective Evidence (VSOE) of fair value for professional services is based upon the standard rates we charge for such services when sold separately.
	Foreign Currency Translation
	The functional currency of the Company is US dollars. For financial reporting purposes, the financial statements of the subsidiary companies whose functional currency is other than US dollars were translated into US dollars using the current rate method. Assets and liabilities were translated at the exchange rates at the balance sheet dates, revenue and expenses were translated at the average exchange rates and stockholders’ equity was translated at historical exchange rates. Any translation adjustments resulting are not included in determining net income but are included in foreign exchange adjustment to other comprehensive income, a component of stockholders’ equity.
	Other Provisions
	According to FASB ASC 450 “Contingencies”, provisions are made whenever there is a current obligation to third parties resulting from a past event which is likely in the future to lead to an outflow of resources and of which the amount can be reliably estimated. Provisions not already resulting in an outflow of resources in the following year are recognized at their discounted settlement amount on the financial statement date. The discount taken is based on market interest rates. The settlement amount also includes the expected cost increases. Provisions are not set off against contribution claims. If the amended estimate leads to a reduction of the obligatory amount, the provision is proportionally reversed and the earnings are recognized in other operating earnings.
	Deferred Taxes
	Income taxes are provided in accordance with FASB Codification topic 740, “Accounting for Income Taxes”. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss-carry forwards.
	Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that, that some portion or all of the deferred tax asset will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment.
	Recent Accounting Pronouncements
	In July 2012, the FASB issued ASU 2011-08, Intangibles – Goodwill and Other (Topic 350): Testing Goodwill for Impairment. With the objective of reducing the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-loved asset categories. The amendments permit an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30, Intangibles – Goodwill and Other – General Intangibles Other than Goodwill. The more-likely-than-not threshold is defined as having the likelihood of more than 50 percent. The amendments are effective for annual and interim impairment tests performed beginning April 1, 2013. Adoption of this new standard is not expected to have significant impact to the Company’s financial statement.
	Off - Balance Sheet Arrangements
	We have not entered into any other financial guarantees or other commitments to guarantee the payment obligations of any third parties. We have not entered into any derivative contracts that are indexed to our shares and classified as shareholder’s equity or that are not reflected in our consolidated financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. We do not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to us or engages in leasing, hedging or research and development services with us.
	Principles of Consolidation and Reverse Acquisition
	As previously disclosed, the Company has exchanged a total of 5,405,411 shares of common stock in exchange for 50.1% of the outstanding common shares of GROUP. Although the Company was the legal acquirer, the transaction was accounted for as a recapitalization of GROUP in the form of a reverse merger, whereby GROUP becomes the accounting acquirer and is deemed to have retroactively adopted the capital structure of the Corporation. Accordingly, the accompanying consolidated financial statements reflect the historical consolidated financial statements of GROUP for periods presented prior to January 6, 2011. All costs associated with the reverse merger transaction were expensed as incurred. Those expenses totaled approximately $300,000 and were included in professional fees in administrative expenses.
	The Company has based its financial reporting for the consolidation with GROUP in accordance with the FASB ASC 805-40 as it relates to reverse acquisitions. Goodwill has been measured as the excess of the fair value of the consideration effectively transferred by the Company, the acquiree, for financial reporting purposes, over the net amount of the Company’s recognized identifiable assets and liabilities.
	We have recorded the acquired assets and liabilities of Group Business Software Enterprises, Inc. on the acquisition date of January 6, 2011, at their fair value and the operations of Group Business Software Enterprises, Inc. have been included in the consolidated financial statements since the acquisition date.
	The assets and liabilities of GROUP, the acquirer for financial reporting purposes, are measured and recognized in the consolidated financial statements at their precombination carrying amounts in accordance with ASC 805-40-45-2(a). Therefore, the non-controlling interest reflects the non-controlling shareholders’ proportionate interest in the pre-combination carrying amounts of GROUP’s net assets even though the non-controlling interests in other acquisitions are measured at their fair values at the acquisition date.

CHANGE_IN_ACCOUNTING_POLICIES

CHANGE IN ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2011
Change In Accounting Policies [Abstract]	'
CHANGE IN ACCOUNTING POLICIES	'
	Note 3 CHANGE IN ACCOUNTING POLICIES
	Fiscal reporting
	Effective September 19, 2012, the Company changed its fiscal year end from March 31 to December 31. Prior to this change, the Company’s subsidiaries, with the exception of SD Holdings, Ltd. had fiscal year ends of December 31 and in reporting its financial statements, the Company, through the use of Regulation S-X Rule 3A-02 (“the 93 day rule”), consolidated those subsidiaries without any adjustments for timing differences in the period ends. This application was in error. With the change in year end, the Company retroactively adjusted previously released financial statements to reflect this change beginning December 31, 2010. Accordingly, the financial statements for the quarter ended September 30, 2011 and 2010, include the accounts of all consolidated companies for the same three month period beginning January 1, 2011 and 2010 respectively. The Balance Sheets as at December 31, 2011 and December 31, 2010 have also been adjusted to include the accounts of all consolidated companies as of those dates.
	In accordance with ASC 250, effects of this restatement to the respective statements are shown below:
		For the twelve months ended
		Restated			Unaudited
		(Audited)			(Original Filing)
		31-Dec-11			31-Mar-12			Difference
		$			$			$
	Assets
	Current Assets
	Cash and cash equivalents		3,142,308			1,502,977			1,639,331
	Accounts receivable		4,850,507			4,936,887			(86,380	)
	Inventories		236,712			236,712
	Prepaid expenses		389,772			459,363			(69,591	)
	Other receivables		680,693			1,474,929			(794,236	)
	Assets held for sale		682,999			24,107
	Total current assets		9,982,991			8,634,975			1,348,016
	Equity investments in related parties		244,219			244,219			0
	Property, plant and equipment		521,976			1,597,326			(1,075,350	)
	other non-current receivables		548,909			1,998,194			(1,449,285	)
	Deferred tax assets		2,451,800			3,945,272			(1,493,472	)
	Goodwill		39,221,603			39,744,686			(523,083	)
	Software		14,249,905			14,039,149			210,756
	Other assets		93,268			246,140			(152,872	)
	Assets held for sale		1,388,723			0			1,388,723
	Total non-current assets		58,720,403			61,814,986			(3,094,583	)
	Total assets		68,703,394			70,449,961			(1,746,567	)
	Liabilities and shareholders' equity
	Current liabilities
	Notes payable		1,381,821			1,381,821			0
	Liabilities to banks		19,595			19,651			(56	)
	Accounts payable and accrued liabilities		6,078,711			5,919,788			158,923
	Other liabilities		4,252,240			4,237,071			15,169
	Deferred income		6,341,575			6,421,502			(79,927	)
	Due to related parties		432,421			1,175,103			(742,682	)
	Liabilities held for sale		552,031			0			552,031
	Total current liabilities		19,058,394			19,154,936			(96,542	)
	Liabilities to banks		3,463,483			3,463,483			0
	Deferred tax liabilities		0			1,196,472			(1,196,472	)
	Retirement benefit obligation		150,632			150,632			0
	Other liabilities		2,266,075			2,906,238			(640,163	)
	Liabilities held for sale		7,662			0			7,662
	Total non-current liabilities		5,887,852			7,716,825			(1,828,973	)
	Total liabilities		24,946,246			26,871,761			(1,925,515	)
	Shareholders' equity
	Capital Stock
	Authorized:
	75,000,000 common shares and
	25,000,000 preferred shares each with a
	par value of $.001
	Issued and outstanding
			27,307			28,212			(905	)
	Additional paid in capital		47,446,318			47,902,913			(456,595	)
	Accumulated deficit		(12,147,666	)		(12,970,652	)		822,986
	Other comprehensive income		494,206			476,773			17,433
	Total shareholders' equity		35,820,165			35,437,246			382,919
	Noncontrolling interest in subsidiaries		7,936,983			8,140,954			(203,971	)
	Total equity and liabilities		68,703,394			70,449,961			(1,746,567	)
		For the twelve months ended
		Restated			Unaudited
		(Audited)			(Original Filing)
		December 31,			March 31, 2012			Difference
2011
	$			$			$
Net sales		28,273,092			31,941,812			(3,668,720	)
Cost of goods sold		15,898,182			18,047,203			(2,149,021	)
Gross profit		12,374,910			13,894,609			(1,519,699	)
Operating expenses
Selling expenses		15,426,600			16,671,489			(1,244,889	)
Administrative expenses		6,160,961			6,647,636			(486,675	)
General expenses		926,129			830,087			96,042
		22,513,690			24,149,212			(1,635,522	)
Operating income		(10,138,780	)		(10,254,603	)		115,823
Other Income (expense)
Other Income (expense)		(15,894,738	)		(15,910,392	)		15,654
Interest income		33,948			33,942			6
Interest expense		(406,407	)		(408,872	)		2,465
		(16,267,197	)		(16,285,322	)		18,125
Income (loss) before income taxes		(26,405,977	)		(26,539,925	)		133,948
Income tax (income) expense		(2,151,211	)		(2,545,711	)		394,500
Net income (loss)		(24,254,766	)		(23,994,214	)		(260,552	)
Discontinued operations (net of tax)		521,979			0			521,979
Net income (loss) attributable to non-controlling interest		(11,567,489	)		(11,346,081	)		(221,408	)
Net income (loss) attributable to shareholders		(12,165,298	)		(12,648,133	)		482,835
Other comprehensive income (loss)		(125,751	)		978,359			(1,104,110	)
Net income (loss) and comprehensive income (loss) attributed to shareholders		(12,228,299	)		(12,157,721	)		(70,578	)
Basic and diluted income (loss) per share		(0.449	)		(0.509	)		0.06
Weighted average number of shares outstanding		27,247,958			24,847,525			2,400,433
	For the twelve months ended
	Restated (Audited)			Unaudited
				(Original
				Filing)
	31-Dec-11			March 31,			Difference
				2012
	$			$			$
Cash flow from operating activities
Net loss / net income		(23,732,787	)		(23,994,214	)		261,427
Loss from discontinued operations		(521,979	)					(521,979	)
Adjustments
Deferred income taxes		(2,193,941	)		(2,520,875	)		(326,934	)
Depreciation and amortization		5,840,688			5,951,366			(110,678	)
Loss from equity investment					46,754			(46,754	)
Consulting Expense		34,000			34,000			0
Write-down goodwill and intangibles					14,923,517			(14,923,517	)
Changes in operating assets and liabilities
Accounts receivable and other assets		4,147,043			2,700,062			1,446,981
Retirement benefit obligation		(3,433	)		22,510			(25,943	)
Inventories		(236,712	)		(236,712	)		0
Accounts payable and other liabilities		(1,031,853	)		2,604,285			(3,636,138	)
Net cash provided by operating activities		(17,698,974	)		(469,307	)		(17,229,667	)
Cash flow from investing activities
Purchase of intangible assets		(3,941,396	)		(7,003,787	)		3,062,391
Purchase of property, plant and equipment		0			(1,623,369	)		1,623,369
Purchase of subsidiaries		(1,910,529	)		0			(1,910,529	)
Purchase of Equity Investments		(244,219	)		0			(244,219	)
Increase (Decrease ) of financial assets		13,465,619			(1,141,631	)		14,607,250
Net cash used in investing activities		7,369,475			(9,768,786	)		17,138,261
Cash flow from financing activities
Net borrowings - banks		2,651,919			2,744,216			(92,297	)
Other borrowings		(59,442	)		(3,346,034	)		3,286,592
Capital Paid-in		9,703,920			3,482,470			6,221,450
Loans from related party		432,421			344,947			87,474
Net cash used in financing activities		12,728,818			3,225,599			9,503,219
Cash flow from discontinued operations
Net cash provided (used in) operating activities		(990,050	)		0			(990,050	)
Effect of exchange rate changes on cash		(139,029	)		(15,393	)		(123,636	)
Net increase in cash		1,270,240			(7,027,887	)		8,298,127
Cash and cash equivalents - Beginning of the period		1,872,068			8,530,864			(6,658,796	)
Cash and cash equivalents - End of period		3,142,308			1,502,977			1,639,331
10K Originally Filed compared to 10K Amendment No. 1
In accordance with topic ASC 250, all differences in the financial statements presented above can be attributed to the Company’s fiscal year end date changing from March 31 to December 31.

SUBSIDIARY_COMPANIES

SUBSIDIARY COMPANIES	12 Months Ended
	Dec. 31, 2011
Subsidiary Companies [Abstract]	'
SUBSIDIARY COMPANIES	'
	Note 4 SUBSIDIARY COMPANIES
	As of December 31, 2011, GBS Enterprises Incorporated had the following subsidiaries. Such subsidiaries were included in the basis of consolidation (KUSD =,000’s of US Dollars):
				Stockholders'
				Equity			Percentage					Profit			Date
				As of			of					of the			of the
				Dec. 31,			Subscribed					Consolidated			First
				2011			Capital					Year
			Headquarters	KUSD			KUSD		in %		Ownership	KUSD			Consolidation
	ebVOKUS Software GmbH		Dresden		399			54		50.1	I		22		1/11/05
	GROUP Business Software (UK) Ltd.		Manchester		(1,219	)		23		50.1	I		(217	)	12/31/05
	GROUP Business Software Corp.		Woodstock		(7,766	)		1		50.1	I		(6,132	)	12/31/05
	GROUP LIVE N.V.		Den Haag		(3,430	)		134		50.1	I		(1,013	)	12/31/05
	GROUP Technologies GmbH		Karlsruhe		70			33		50.1	I		0		1/10/05
	Permessa Corporation		Waltham		(672	)		0		50.1	I		(304	)	9/22/10
	Relavis Corporation		New York		(806	)		2		50.1	I		(328	)	1/8/07
	GROUP Business Software AG		Eisenach		25,401			28		50.1	I		(1,101	)	1/6/11
	Pavone AG		Paderborn		(537	)		1,240		100	D		(39	)	1/4/11
	Pavone GmbH		Boeblingen		28			47		100	D		18		1/4/11
	Pavone Ltd.		North Yorkshire		(65	)		584		100	D		(14	)	1/4/11
	Groupware Inc.		Woodstock		(482	)		1		100	D		0		1/6/11
	Groupware AG		Luebeck		(112	)		74		100	D		86		1/6/11
	IDC Global, Inc.		Chicago		2,074			0		100	D		194		7/25/11
	SD Holdings		Mauritius		2,844			3,372		100	D		(17	)	9/27/11
	Synaptris Private Decisions Ltd.		Chennai		903			200		100	D		48		9/27/11
	Synaptris, Inc.		San Jose		(4,364	)		1		100	D		37		9/27/11
		⋅	A domination and profit transfer agreement was in place between GROUP Business Software AG as the dominating company and Group Technologies GmbH for the last reporting period. GROUP Business Software AG sold this Company on March 8, 2012 for a price of 49 KUSD.
		⋅	On September 2, 2011, GROUP Business Software AG acquired the outstanding 0.5% of Relavis Corporation.

ASSOCIATED_COMPANY

ASSOCIATED COMPANY

12 Months Ended

Dec. 31, 2011

Investments, Debt and Equity Securities [Abstract]

'

ASSOCIATED COMPANY

'

Note 5

ASSOCIATED COMPANY

Due to the absence of domination/control, B.E.R.S. AD, Varna, Bulgaria was treated an associated company in the consolidated financial statements. GROUP Business Software AG's acquired B.E.R.S AD for 265 (KEUR). The investment, representing 50% of B.E.R.S. AD has been accounted for on the equity basis, with the Company’s proportionate share of income being recorded in the consolidated statement of operations with a corresponding adjustment to the asset carrying value. In fiscal 2011, the proportion share of the loss was 35 KUSD (previous year: 59 KUSD.)

Total Value

Assets

12.31.11

Debts

Sales Revenues

Annual Profit/Loss

Associated Companies

Headquarters

KUSD

KUSD

KUSD

KUSD

B.E.R.S. AD

Varna

244

104

502

69

CASH_AND_CASH_EQUIVALENTS

CASH AND CASH EQUIVALENTS	12 Months Ended
	Dec. 31, 2011
Cash and Cash Equivalents [Abstract]	'
CASH AND CASH EQUIVALENTS	'
	Note 6	CASH AND CASH EQUIVALENTS
	As of the financial statement date, the Company’s cash and cash equivalents totaled 3,142 KUSD (December 31, 2010 year end restated: 1,872 KUSD).

ACCOUNTS_RECEIVABLE

ACCOUNTS RECEIVABLE	12 Months Ended
	Dec. 31, 2011
Receivables [Abstract]	'
ACCOUNTS RECEIVABLE	'
	Note 7	ACCOUNTS RECEIVABLE
	As of the financial statement date, Accounts Receivable was 4,851 KUSD (December 31, 2010 year end restated: 5,712 KUSD). Receivables are generally measured at their nominal value and taking into account all foreseeable risks. Probable default risks are handled with specific allowances for bad debts. With regard to the trade receivables which are neither impaired nor delinquent, there are no indications as of the financial statement date that the debtors will not meet their payment obligations.

PREPAID_EXPENSES

PREPAID EXPENSES	12 Months Ended
	Dec. 31, 2011
Prepaid Expenses [Abstract]	'
PREPAID EXPENSES	'
	Note 8	PREPAID EXPENSES
	Prepaid expenses in the amount of 390 KUSD were primarily recorded for prepaid rent, insurance and advance on technological collaboration events (December 31, 2010 year end restated: 1,421 KUSD).

ASSETS_AND_LIABILITIES_HELD_FO

ASSETS AND LIABILITIES HELD FOR SALE	12 Months Ended
	Dec. 31, 2011
Asset Held For Resale [Abstract]	'
ASSETS AND LIABILITIES HELD FOR SALE	'
	Note 9	ASSETS AND LIABILITIES HELD FOR SALE
	In the fiscal year 2011, the outgoing assets and liabilities associated with the sale of Group Technologies GmbH, were recognized under this category in the amount of 24 KUSD. A breakdown of the assets included is disclosed below.
	Balance Sheet		2011
			$
	Current assets
	Cash and cash equivalents			132,620
	Accounts Receivable			156,687
	Prepaid expenses			54,375
	Other receivables			339,317
	Assets held for sale			682,999
	Non - current assets
	Property, plant and equipment			1,083,018
	Deferred tax assets			297,000
	Software			8,705
	Other assets			-
	Assets held for sale			1,388,723
	Current liabilities
	Accounts payables and accrued liabilities			415,854
	Deferred income			1,170
	Other liabilities			135,007
	Liability held for sale			552,031
	Non - current liabilities
	Other liabilities			7,662
	Liability held for sale			7,662

OTHER_RECEIVABLES_CURRENT

OTHER RECEIVABLES - CURRENT	12 Months Ended
	Dec. 31, 2011
Other Receivables - Current [Abstract]	'
OTHER RECEIVABLES - CURRENT	'
	Note 10	OTHER RECEIVABLES - CURRENT
	Other Receivables as of the financial statement date were 681 KUSD (December 31, 2010 year end restated: 1,983 KUSD) and decreased primarily due to the reclassification of other current receivables into Assets Held for Sale.

PROPERTY_PLANT_AND_EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2011
Property, Plant and Equipment [Abstract]	'
PROPERTY, PLANT AND EQUIPMENT	'
	Note 11	PROPERTY, PLANT AND EQUIPMENT
	Property, plant and equipment are measured at cost less scheduled straight-line depreciation. Depreciation of the computer hardware listed as office equipment is distributed over a period of three to five years. The depreciation period for other office equipment is three to ten years. Office furnishings are depreciated over a period of eight to ten years. Leasehold Improvements are depreciated up to 40 years.
	Property, Plant and Equipment		Development of the cost		Development of accumulated depreciation		Balance
	kUSD
	Restated 12.31.2010			4,494		4,196		298
	Additions			3,750		3,548
	Disposals			58		72
	Currency differences			273		265
	Reclassifications			0		0
	Restated 12.31.2011			8,459		7,937		522

OTHER_RECEIVABLES_NONCURRENT

OTHER RECEIVABLES NON-CURRENT	12 Months Ended
	Dec. 31, 2011
Other Receivables Noncurrent [Abstract]	'
OTHER RECEIVABLES NON-CURRENT	'
	Note 12	OTHER RECEIVABLES NON-CURRENT
	Non-current Receivables as of the financial statement date were 549 KUSD (December 31, 2010 restated 1,370 KUSD) includes
	An amount still outstanding against the purchaser of GEDYS IntraWare GmbH of 544 KUSD, being repaid in monthly installments of 20 KUSD and 5 KUSD in miscellaneous other long term receivables.

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Abstract]	'
GOODWILL	'
	Note 13	GOODWILL
	Goodwill derives from the following business acquisitions:
	Affiliated Company		Date of the First	Goodwill 2011 in kUSD
			Consolidation	(Restated)
	GROUP Business Software AG		1/6/11		20,194.40
	GROUP Business Software Corp.		12/31/05		2,177.50
	GROUP Business Software Ltd		12/31/05		2,765.10
	ebVOKUS Software GmbH		1/10/05		443.6
	Permessa		9/22/10		2,387.40
	Pavone GmbH		1/4/11		4,956.40
	Groupware Inc.		1/6/11		994.1
	IDC		7/25/11		2,994.40
	SD Holding		9/27/11		2,308.70
	12/31/2011 Restated				39,221.60

SOFTWARE

SOFTWARE	12 Months Ended
	Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Abstract]	'
SOFTWARE	'
	Note 14	SOFTWARE
	Development costs
	The costs of developing new software products and updating products already marketed by the Company are generally recognized as expenses in the period in which they arise. Provided they meet the conditions for capitalization as per FASB ASC 985-20-25, they are capitalized. Capitalized development costs can be attributed to the defined products. These products are technically realizable and there is a target market for them.
	The development costs arising in the reporting period result from the personnel costs attributed to the development work as well as overhead costs, provided that these are related to the development work and do not represent general administrative costs. The ascribable overhead costs are directly recognized.
	Capitalized development costs are generally amortized over a period of three years starting with the date of marketability of the new products or major releases.
	Concessions, Industrial Property Rights, Licenses
	The intangible financial assets carried in this item are licenses acquired in exchange for payment.
	These financial assets are measured at acquisition cost less scheduled straight-line amortization. The assets added in the scope of the cost price allocation of the business divisions acquired this year.
	The useful life spans were based uniformly throughout the Company according to those used by the parent company. Scheduled amortization is performed over a period from three to ten years.
	The useful life of the domain “gbs.com”, was estimated as unlimited. This is because no other legal, contractual or other factors exist which would limit its useful life. It is not systematically amortized, but rather annually. Should there exist signs indicating towards impairment it is tested for recoverability and, if necessary, written down to the amount which could be obtained for it if sold.
	Amortization of concessions, industrial property and similar rights and assets, as well as licenses to such rights and assets are presented in the profit and loss statement under "Depreciation and Amortization."
	Concessions and licenses		Development			Development			Balance
	kUSD		of the cost			of
						accumulated
						depreciation
	Restated 12.31.2010			40,339			23,824			16,515
	Additions			1,524			1,650
	Disposals			3,945			3,434
	Currency differences			(929	)		(1,637	)
	Reclassifications			(3,904	)		(1,568	)
	Restated 12.31.2011			33,085			18,835			14,250

OTHER_ASSETS_NONCURRENT

OTHER ASSETS NON-CURRENT	12 Months Ended
	Dec. 31, 2011
Other Assets [Abstract]	'
OTHER ASSETS NON-CURRENT	'
	Note 15	OTHER ASSETS NON-CURRENT
	The balance of this account of 93 KUSD (December 31, 2010 year end restated: 224 KUSD) and includes Reinsurance claims of 93 KUSD from life insurance (reinsurance of pension obligations) were recognized as actuarial reserves. Corresponding communications by the insurance companies form the basis for the valuation.

NOTES_PAYABLE

NOTES PAYABLE	12 Months Ended
	Dec. 31, 2011
Notes Payable [Abstract]	'
NOTES PAYABLE	'
	Note 16	NOTES PAYABLE
	Notes Payable had a balance of 1,382 KUSD at December 31, 2011 (December 31, 2010 year end restated: 1,441 KUSD). The outside capital component of the convertible bond is carried at amortized cost according the effective interest method in compliance with the categorization pursuant to FASB ASC 815-15. The effective interest rate used as a basis as of the financial statement date is 6.16% (previous year: 6.61%). The debt is convertible at the rate of $1.44 debt to one share. The calculated value of the conversion feature was not material.

LIABILITIES_TO_BANKS

LIABILITIES TO BANKS	12 Months Ended
	Dec. 31, 2011
Current	'
LIABILITIES TO BANKS	'
	Note 17	LIABILITIES TO BANKS – CURRENT
	Included in this account is an operating line of credit of 20 KUSD (December 31, 2010 year end restated: 50 KUSD) with interest at a 3.25% daily periodic rate with a credit limit of 100 KUSD.
Non Current	'
LIABILITIES TO BANKS	'
	Note 22	LIABILITIES TO BANK – NON CURRENT
	Liabilities to banks as of the financial statement date was 3,463 KUSD (December 31, 2010 year end restated: 781 KUSD) represent bank obligations of GROUP AG with Baden-Württembergische Bank.

ACCOUNTS_PAYABLE_AND_ACCRUED_L

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2011
Payables and Accruals [Abstract]	'
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	'
	Note 18	ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
	Trade payables
	As of the financial statement date, trade accounts payable amounted to 2,765 KUSD (December 31, 2010 year end restated: 1,874 KUSD). Trade payables are carried at their repayment amount and all have a residual term of up to one year.
	Other Accrual
	Other provisions are created as of the financial statement date in an amount necessary according to a reasonable commercial appraisal, to cover future payment obligations, perceivable risks and uncertain liabilities of the Company. Amounts deemed to be most likely to occur, in careful assessment, are accrued.
	KUSD		Restated								Currency			Restated
			12.31.10		Utilization		Dissolution		Increase		Differences			12.31.11
	Tax provision			112		117		0		32		4			32
	Salary			1,241		1,197		87		903		(1	)		859
	Vacation			224		194		0		427		(18	)		439
	Workers Compensation Insurance Association			15		15		0		30		(1	)		27
	Compensation Levy for Non-Employment of Severely Handicapped Persons			17		18		0		18		(1	)		17
	Outstanding Invoices			889		650		182		849		(24	)		882
	Annual Financial Statement Costs			205		133		23		358		(5	)		401
	Other Provisions			66		38		30		350		19			367
	Warranties			125		76		9		19		1			60
	Gesture of Goodwill			0		0		0		161		(1	)		160
	Provision for Legal Costs			36		18		3		60		(4	)		71
	Total			2,930		2,456		334		3,207		(32	)		3,314
	Provisions for salaries of 859 KUSD (December 31, 2010 year-end restated: 1,241 KUSD) include the provisions created for the variable salaries of the sales staff for the sales objectives reached in this business period.
	Vacation provisions of 439 KUSD (December 31, 2010 year-end restated: 224 KUSD) include the obligations of GROUP’s companies to their employees for remaining vacation claims from the reporting period. The amount of the provision is calculated on the gross salary of the individual employee plus the employer contribution to social security/Medicare and based on the unused vacation days as of the financial statement date.
	For liabilities not yet settled, a provision totaling 882 KUSD (December 31, 2010 year-end restated: 889 KUSD) was created.
	Other Provisions of 367 KUSD (December 31, 2010 year-end restated: 66 KUSD) include miscellaneous provisions.
	Expenses for the audit of the Company and preparation of the annual consolidated financial statements were recognized at 401 KUSD (December 31, 2010 year-end restated: 205 KUSD).
	A provision for anticipated legal consulting of 71 KUSD (December 31, 2010 year-end restated: 36 KUSD) was recorded.
	For warranty claims, a provision of 60 KUSD (December 31, 2010 year-end restated: 125 KUSD) was created determined by service income.

DEFERRED_INCOME

DEFERRED INCOME	12 Months Ended
	Dec. 31, 2011
Deferred Revenue Disclosure [Abstract]	'
DEFERRED INCOME	'
	Note 19	DEFERRED INCOME
	Accruals for future periods leading to realization of sales after the financial statement date are reported under deferred income. The deferred income items listed as of the financial statement date in the amount of 6,342 KUSD (December 31, 2010 year end restated 6,213 KUSD) primarily include maintenance income collected in advance for the period after the end of the financial statement date. They are amortized on a straight-line basis over their respective contract terms.

OTHER_SHORT_TERM_LIABILITIES

OTHER SHORT TERM LIABILITIES	12 Months Ended
	Dec. 31, 2011
Debt Disclosure [Abstract]	'
OTHER SHORT TERM LIABILITIES	'
	Note 20	OTHER SHORT TERM LIABILITIES
	Other short-term liabilities of 4,252 KUSD (December 31, 2010 year end restated: 2,822 KUSD) are comprised of obligations and payments currently due for the purchase of assets from Lotus 911, Permessa and Salesplace.
	Other Short-Term Liabilities		12.31.11		12.31.10
			Restated		Restated
			KUSD		KUSD
	Purchase Assets L911			1,094		746
	Purchase Assets Fastworks			0		119
	Purchase Assets Permessa			1,900		738
	Purchase Assets Salesplace			0		490
	Tax Liabilities			739		604
	Purchase Archiving Software			324		0
	Other Liabilities			196		126
				4,252		2,822

DUE_TO_RELATED_PARTIES

DUE TO RELATED PARTIES	12 Months Ended
	Dec. 31, 2011
Related Party Transactions [Abstract]	'
DUE TO RELATED PARTIES	'
	Note 21	DUE TO RELATED PARTIES
	Related parties basically refer to the Board of Directors, Supervisory Board, stockholders and associated companies.
	Business transactions between the companies and its subsidiaries which are also considered to be related companies were eliminated through the consolidation and are not reflected within these footnotes to the consolidated statements.
	Remuneration of the management occupying key positions in the Corporation subject to disclosure includes the remuneration of the Board of Directors and that of the Supervisory Board.
			12/31/11
			KUSD
	Accounts payable and accruals
	Green Mind Ventures			21.1
	Vitamin-B Venture Gmbh			360
	Board of Directors fees and expenses			-
	Notes payable - related party (per Note 17)			-
	Due to associated company			51.3
				432.4

OTHER_LIABILITIES_NON_CURRENT

OTHER LIABILITIES - NON CURRENT	12 Months Ended
	Dec. 31, 2011
Other Liabilities, Noncurrent [Abstract]	'
OTHER LIABILITIES - NON CURRENT	'
	Note 23	OTHER LIABILITIES – NON CURRENT
	Other long term liabilities as of the financial statement date was 2,266 KUSD (December 31, 2010 year end restated: 6,131 KUSD) and represents the amounts due on the purchase of Lotus 911.

COMMON_STOCK

COMMON STOCK	12 Months Ended
	Dec. 31, 2011
Stockholders Equity Note [Abstract]	'
COMMON STOCK	'
	Note 24	COMMON STOCK
	Common stock belongs to the legally purchasing company according to the principles of a Reverse Acquisition and therefore, the common stock is that of GBS Enterprises Incorporated. The Company has authorized capital of 75,000,000 common shares and 25,000,000 preferred shares each with a par value of $0.001. No preferred shares have been issued. As at December 31, 2011, there were 27,306,664 shares of common stock issued. At the time of the Reverse Acquisition, there were 16,500,000 shares of common stock outstanding and, as the Reverse Acquisition was accounted for as a recapitalization applied retroactively, this balance is recorded as the balance outstanding since inception.
	Unless otherwise noted, in each instance where the Company issued its securities to a U.S. Person, the Company relied on the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) afforded the Company under Section 4(2) promulgated under the Securities Act due to the fact that it was an isolated issuance and did not involve a public offering of securities. In the instances where the Company issued its securities to a non-U.S. Person, the Company relied on the exemption from the registration requirements of the Securities Act afforded the Company under Regulation S promulgated under the Securities Act:
	The following are changes to the Company’s capital stock from April 1, 2010:
	On April 26, 2010, the Company issued 2,265,240 shares in aggregate for goodwill, inventory, licenses, customer lists and computer software valued at $165,000.
	On November 5, 2010, the Company purchased 3,043,985 shares from an existing shareholder for $300,000.  Thereupon it exchanged those shares for 7,115,500 common shares of GROUP Business Software AG, a German Company, the fair value of which was determined to be $3,898,000.
	On January 6, 2011, the Company acquired an additional aggregate of 5,525,735 shares of common stock of GROUP in exchange for 2,361,426 shares of common stock of the Company.  The fair value was determined to be $2,796,000.  This brought the total ownership of the issued and outstanding shares of GROUP owned by the Company to be 50.1%
	The acquisition of GROUP was accounted for as a reverse acquisition whereby GROUP is treated as the accounting acquirer and the Company is treated as the accounting acquiree.  As the transaction is accounted for as a recapitalization applied retroactively, the balance of 16,500,000 issued and outstanding at that time has been recorded as outstanding since inception.
	On March 31, 2011, the Company completed a private placement offering whereby it raised $7,555,000 gross proceeds through the sale of 6,044,000 units at $1.25 per unit.  Each unit represents one share of common stock and one warrant.  The warrant allows the holder to purchase one share of common stock of the Company from the date of the grant until the third anniversary of the date of the grant for a purchase price of $1.50 per share.
	On April 1, 2011, the Company issued 1,000,000 shares of common stock as partial payment for 100% of the issued and outstanding shares of Pavone AG.  The fair value of the shares issued was determined to be $4,900,000.
	On June 1, 2011, the Company issued 250,000 shares of common stock as partial payment for 100% of the issued and outstanding shares of GroupWare, Inc.  The fair value of the shares issued was determined to be $1,085,000.
	On July 25, 2011 the Company issued 880,000 shares of common stock as a partial payment for 100% of the issued and outstanding shares of IDC Global, Inc.  The fair value of the shares issued was determined to be $3,256,000.
	On December 13, 2011 the Company issued 2,020,000 shares of common stock on the exercise of warrants.
	On December 23, 2011 the Company issued 612,874 share of common stock as partial payment for the purchase of SD Holdings Limited.
	Warrants and Options
	The Company has issued warrants to outside consultants in payments for services provided as detailed in the following schedule. The warrants are issued as “cashless” warrants and all have a three-year term with the exception of the warrant issued on October 10, 2010, which has a 30 month term. The warrants have been valued using a Black-Scholes option pricing model with appropriate volatility, equity value and interest rate inputs as noted below. The valuation of the warrants is for disclosure purposes only as the charge is related to the cost of issuing the shares and there is no impact to the financial statements.
	The fair value of the warrant as at the grant date of October 1, 2010 was based on the Black-Scholes option pricing model, using the following assumptions:
	Expected dividend yield			0	%
	Average risk-free interest rate			0.74	%
	Expected life			2.5 years
	Expected volatility			65	%
	The fair value of the warrant as at the grant date of March 14, 2011, March 24, 2011, March 31, 2011 and April 1, 2011 were based on the Black-Scholes option pricing model, using the following assumptions:
	Expected dividend yield			0	%
	Average risk-free interest rate			1.07 – 1.19	%
	Expected life			3 years
	Expected volatility			77.2	%
	Common Stock Warrants Issued		Common			Exercise			Valuation		Fair Value per				Warrants'
	to Outside Consultants		Shares			Price			Date		Warrant Share				Fair Value
	Issued on October 1, 2010			2,000,000		$	4		10/1/10		$	-			$	-
	Issued on March 14, 2011			707,280		$	1.5		3/14/11		$	0.34			$	240,475
	Issued on March 24, 2011			15,000		$	1.5		3/24/11		$	0.34			$	5,100
	Issued on April 1, 2011			100,000		$	0.34		4/1/11		$	0.34			$	34,000
	Total Warrant Value														$	279,575
	As at December 31, 2011, the number of shares the warrants outstanding could purchase if exercised was as follows:
	Warrants		Common Shares			Weighted
						Average
						Price/sh
	Outstanding, beginning of period			8,000,000		$	4
	Issued			7,269,420		$	1.5
	Expired			-		$	-
	Outstanding, end of period			15,269,420		$	2.23
	The following share purchase warrant transactions have not been disclosed elsewhere.
	On April 1, 2011, the former CFO was issued 100,000 share purchase warrants, which gave him the option of purchasing 100,000 shares of common stock for a period of 3 years at a price of $1.50 per common share. The value of this issuance, using the Black Scholes pricing model was determined to $34,000 and this amount was recorded as a consulting expense.
			# of shares										Fair value								Balance
			allowed to						Strike				at								End of
			purchase			Issue		Expiry	Price				Issuance				Issued		Exercised		Period
			#			Date		Date	$				$				#		#		#
	Opening - Jan 1, 2011			2,000,000		10/1/10		6/1/13		4				-				-		-		2,000,000
	Issued for financing services					3/11/11		3/14/14		1.5				-				707,280		-		707,280
	Issued for financing services					3/28/11		3/24/14		1.5				-				15,000		-		15,000
	Sold with share units					3/31/11		3/31/14		1.5				-				6,044,000		2,020,000		4,024,000
	Issued for consulting services					4/1/11		4/1/14		1.5				34,000	-1			100,000		-		100,000
	Closing - Dec 31, 2011																	6,866,280		2,020,000		6,846,280
	Other changes in common stock are disclosed in Note 30, Supplemental Cash Flow Disclosures.

REVENUE_ALLOCATION

REVENUE ALLOCATION	12 Months Ended
	Dec. 31, 2011
Segment Reporting [Abstract]	'
REVENUE ALLOCATION	'
	Note 25	REVENUE ALLOCATION
	Gross revenue may be broken down by the following products for the fiscal year ended December 31, 2011 are as follows:
	Sales Revenues		12.31.11		12.31.10
			KUSD		KUSD
	Licenses			5,004		4,787
	Maintenance			11,343		9,616
	Partner Contribution			0		21
	Service			6,485		5,197
	Third-Party Products			2,302		3,062
	LND Third-Party Products			2,960		4,610
	Others			179		173
				28,273		27,467
	Revenues by geographical area for the fiscal year ended December 31, 2011 are as follows:
	Sales Revenues		12.31.11		12.31.10
	by geographic area		KUSD		KUSD
	US			9,232		7,768
	Germany			17,932		18,973
	United Kingdom			1,109		726
	Others			-		-
				28,273		27,467
	Long-lived assets by geographical area, which primarily include property plant and equipment, are as follows:
	Long-lived assets		12.31.11		12.31.10
	by geographic area		KUSD		KUSD
	US			225		71
	Germany			293		224
	United Kingdom			4		3
	Others			-		-
				522		298

OTHER_INCOMEEXPENSE

OTHER INCOME/EXPENSE	12 Months Ended
	Dec. 31, 2011
Other Income and Expenses [Abstract]	'
OTHER INCOME/EXPENSE	'
	Note 26	OTHER INCOME/EXPENSE
	At the financial statement date, Other expense was 16,267 KUSD (December 31, 2010 year end restated: Other Income 1,923 KUSD).

PENSION_PLAN_OBLIGATIONS

PENSION PLAN OBLIGATIONS	12 Months Ended
	Dec. 31, 2011
Compensation and Retirement Disclosure [Abstract]	'
PENSION PLAN OBLIGATIONS	'
	Note 27	PENSION PLAN OBLIGATIONS
	The Company maintains three retirement plans described as follows:
	1. GROUP Business Software AG - A non-contributory defined benefit pension plan (“Qualified Plans”) is maintained by GROUP Business Software AG. The Qualified Plans provide retirement benefits for certain employees meeting certain age and service requirements. Benefits for the Qualified Plans are funded from assets held in the plans’ trusts.
	Benefit Obligations and Funded Status
	The following table presents the status of GROUP AG’s pension plan. The benefit obligation for pension plans represents the projected benefit obligation. GROUP AG’s benefit obligations and plan assets are measured each year as of December 31.
			Pension Benefits in KUSD
			2011			2010
	Change in benefit obligation:
	Benefit Obligation at beginning of year			154			140
	Service cost			0			0
	Interest cost			8			8
	Actuarial loss (gain)			(7	)		7
	Curtailment (gain) loss			0			0
	Plan amendments			0			0
	Foreign exchange rate changes			(6	)		0
	Benefits paid			0			0
	Benefit Obligation at end of year			150			154
	Change in plan assets:
	Fair value of plan assets at beginning of year			93			90
	Actual return on plan assets			4			2
	Employer contributions			0			0
	Participant contributions			0			0
	Benefits paid			0			0
	Foreign exchange rate changes			(4	)		1
	Fair value of plan assets at end of year			93			93
	Benefit Obligation at end of year			57			61
			Pension Benefits in KUSD
			2011			2010
	Amounts recognized in the Balance Sheet
	Noncurrent asset			93			93
	Current liabilities			(150	)		(154	)
	Net			(57	)		(61	)
	Amounts recognized in other accumulated comprehensive earnings
	Net actuarial loss (gain)			(2	)		16
	Prior service cost (credit)						0
	Total net periodic benefit cost			(2	)		16
	The following table presents the components of net periodic benefit cost and other comprehensive earnings for Group AG’s pension plan.
			Pension Benefits in KUSD
			2011			2010
	Net periodic benefit cost:
	Service cost			0			0
	Interest cost			8			8
	Recognition of net actuarial loss (gain)			(4	)		7
	Recognition of prior service cost						0
	Total net periodic benefit cost			4			14
	Other comprehensive earnings:
	Actuarial (gain) loss arising in current year			(6	)		2
	Prior service costs (credit) arising in current year			0			0
	Recognition of net actuarial loss (gain)			0			0
	Recognition of prior service cost			0			0
	Benefit Obligation at end of year			(6	)		2
	Total recognized			(2	)		16
	Assumptions:
	The following table presents the weighted average actuarial assumptions that were used to determine benefit obligations and net periodic benefit costs for both pension plans.
			Pension Benefits
			2011			2010
	Assumption to determine benefit obligations:
	Discount rate			5.9- 7	%		5.7-7	%
	Rate of compensation increase			1	%		N/A
	Assumptions to determine net periodic benefit cost:
	Discount rate			6	%		6	%
	Expected return on plan assets			N/A			N/A
	Rate of compensation increase			N/A			N/A
Discount rate - Future pension obligations are discounted at the end of each year based on the rate at which obligations could be effectively settled, considering the timing of estimated future cash flows related to the plans. This rate is based on high-quality bond yields, after allowing for call and default risk. High quality corporate bond yield indices are considered when selecting the discount rate.
Rate of compensation increase - the expected DBO for end of 2012/ 2013 is estimated to increase from 150 KUSD in 2011/ 2012 to 172 KUSD. The expected increase of the assets is estimated end of 2012/ 2013 by 5 KUSD
Expected return on plan assets - the expected rate of return on plan assets was determined by evaluating input from external consultants and economists as well as long-term inflation assumptions. The Company expects the long-term asset allocation to approximate the targeted allocation. Therefore, the expected long-term rate of return on plan assets is based on the target allocation of investment types in such assets. See plan assets discussion below for more information on GROUP AG’s target allocations.
Pension Plan Assets
GROUP AG’s overall investment objective for its pension plans’ is to eliminate further risks. Therefore, all permitted benefits are reinsurance. In total, the benefits from the permitted pension correspond to the benefits of the reinsurances which have been signed for these pension promises.
2. GBS Corporation maintains a defined contribution 401(k) plan (“Qualified Plans”) for the benefit of the employees of GBS Corporation and Permessa Corporation. Contributions are made at the discretion of the participating employees. No obligation exists for employer contributions.
3. Synaptris Decisions Private Limited includes gratuity obligations representing a government mandated obligation to provide employees with 15 days of wages for every year worked. Obligations are paid when the employee retires or resigns from the company and payable only if employees serve at least five years of employment with the Company.
Details of the provision for gratuity which is included within Accrued Liabilities:
Description		2011
Defined benefit obligation			67,302
Fair value of plan assets			-
Less: Unrecognized past service cost			-
Plan Liability (adjusted from operating revenue/retained earnings)			67,302
Changes in present value of the defined benefit obligation are as follows:
Description		2011
Defined benefit obligation as at April 1			71,906
Interest cost			3,635
Current service cost			14,920
Benefits paid			(29,760	)
Actuarial (gain) loss on obligation			6,599
Defined benefit obligation as at March 31			67,301
No fund is created for payment of gratuity and leave wages and the Company would pay the same amount out of its own funds as and when the same becomes payable.
Employee benefits towards compensated absences recognized in the profit and loss accounts are as follows:
Description		2011
Current service cost			14,920
Interest cost			3,635

DEFERRED_INCOME_TAXES

DEFERRED INCOME TAXES	12 Months Ended
	Dec. 31, 2011
Deferred Tax Assets Liabilities Net Disclosure [Abstract]	'
DEFERRED INCOME TAXES	'
	Note 28	DEFERRED INCOME TAXES
	As a result of the change in the majority ownership of GROUP Business Software in 2011 and based on the current legal situation, management has determined it is more likely than not that the tax losses carried forward will not be available as a deduction to determine taxable income. Therefore, the deferred tax assets from the losses carried forward for GROUP Business Software AG in an amount of 3,691 KUSD were written off in the fiscal year ended March 31, 2011 and included in income tax expense.
	The following schedule details the reconciliation of the Consolidated Earnings Before Taxes to the Income Tax Expense per the Consolidated Profit and Loss Statement:
	31-Dec		2011			2010
	Statutory rate			23.0% - 34.0	%		23.0% - 34.0	%
	Consolidated earnings before taxes			(26,539,925	)		(354,215	)
	Expected income taxes recovery at the statutory rate			(7,986,340	)		(118,198	)
	Effect of change in tax rate			593			(72	)
	Permanent differences			533			-348
	Temporary differences			66			208
	Price allocation from consolidation			2,798			173
	Change in deferred income tax asset			889			3,349
	Valuation allowance			561			91
	Income tax expense (recovery) recognized			(2,546	)		3,283
	Income tax expense (recovery) is comprised of:
	Current			43			41
	Future			(2,589	)		3,243
	The following schedule reflects a summary of the basic components of the Deferred Tax Liability as presented in the Company’s Consolidated Balance Sheet.
			USD			USD
	31-Dec		2011			2010
	Intangible assets			(732	)		64
	Non-capital losses available for future periods			4,197			588
	Price allocation from consolidation			(452	)		(154	)
	Intangible assets - opening balance adjustment (acquisition of IDC)			0			(98	)
				3,013			400
	Valuation allowance			(561	)		(142	)
				2,452			258
	The balances have been disclosed as follows:
			USD			USD
	31-Dec		2011			2010
	Short term assets			-			-
	Long term assets			2,452			258
	Long term liability			-			-
				2,452			257
	The Company also has incurred losses for income tax purposes of approximately 12,165 KUSD which may be applied in future years to reduce taxable income. The ability to apply this loss expires starting in 2015.

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 31, 2011
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS	'
	Note 29	COMMITMENTS
	The Company has the following commitments as at December 31, 2011:
			1 Year		Over 1 year		Total
	Other Financial Obligations		USD		USD		USD
	Liabilities from Rental Agreements			2,126,407		4,813,905		6,940,312
	Previous Year - 2010			1,741,048		6,058,332		7,799,381
	Liabilities from Vehicle Lease Agreements			217,898		188,182		406,080
	Previous Year - 2010			249,541		369,437		618,978
	Liabilities from other Lease Agreements			220,810		114,511		335,321
	Previous Year - 2010			255,541		144,058		399,599
	Current Year ended December 31, 2011			2,565,116		5,116,598		7,681,713
	Previous Year ended December 31, 2010			2,246,130		6,571,828		8,817,958
	Lease agreement - subsequent to year end			135,733		359,262		494,995
	Cash Outlay
	For the fiscal year:		Total
	1/1/2011 - 12/31/2011		($)
	Interest Expense:			170,222
	Corporate Income Taxes Paid (Recovered):			56,939
	Total Cash Outlay			227,161

SUPPLEMENTAL_CASH_FLOW_DISCLOS

SUPPLEMENTAL CASH FLOW DISCLOSURES	12 Months Ended
	Dec. 31, 2011
Supplemental Cash Flow Elements [Abstract]	'
SUPPLEMENTAL CASH FLOW DISCLOSURES	'
	Note 30	SUPPLEMENTAL CASH FLOW DISCLOSURES
	The significant non-cash transactions for the year ended December 31, 2011 were as follows:
		·	On April 1, 2011, the Company acquired Pavone AG, for 350 KUSD, assumption of $583,991 debt and 1,000,000 shares of its common stock.
		·	On June 1, 2011, the Company acquired GroupWare, Inc., for 250 KUSD, assumption of $694,617 debt and 250,000 shares of its common stock.
		·	On July 25, 2011, the Company acquired IDC Global, Inc. for 775 KUSD, $35,000 assumption of debt, and 880,000 shares of common stock.
		·	On September 27, 2011, the Company acquired SD Holdings Ltd for $525,529 and issued 612,874 shares of Common Stock.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2011
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	Note 31	SUBSEQUENT EVENTS
	On April 1, 2012, we sold SYN and its wholly-owned subsidiaries, Synaptris and Synaptris India, to Lotus for $1,877,232. On July 1, 2012, the Company entered into a purchase agreement with SYN for $1,877,232, which transferred all SYN’s assets, including intellectual property rights, and liabilities of the IntelliPRINT and FewClix product lines, customer contracts and certain employees for operations in a new subsidiary, GBS India Private Limited, an Indian company (“GBS India”). A royalty fee in the amount of approximately $350,000 has been agreed upon for the benefit the Company. Additionally a profit based fee of up to $700,000 may be earned based on license and revenue recognized from the sold IntelliVIEW and IntelliVIEW NXT products. On August 1, 2012, the Company acquired 100% of the outstanding capital stock of GBS India. We anticipate GBS India’s presence in India to accelerate our plan to expand our product development team particularly for our strategic offerings in India.
	Changes in Corporate Governance in 2012
	On February 24, 2012, Markus R. Ernst was appointed as the Company’s Chief Financial Officer.
	On March 1, 2012, the size of the Board was increased to seven members and the Board appointed David M. Darsch, John A. Moore, Jr., Mohammad Shihadah, Stephen D. Baksa and Woody A. Allen (each, a “New Director” or “Independent Director” and collectively, the “New Directors” or “Independent Directors”) as members of the Board until the next annual meeting of stockholders of the Company or until his respective successor is elected and qualified. On March 1, 2012, the Board formed the following committees and appointed the following directors to serve on such committees:
		o	Audit Committee: John A. Moore, Jr. (Chairman), Woody A, Allen and Gary D. MacDonald
		o	Compensation Committee: Woody A. Allen (Chairman), David M. Darsch, John A. Moore, Jr., Mohammad Shihadah and Stephen D. Baksa
		o	Corporate Governance, Regulatory and Nominating Committee: Woody A. Allen (Chairman), David M. Darsch, John A. Moore, Jr., Mohammad Shihadah and Stephen D. Baksa