Eft (EFTB) 10-Q 19 Aug 14 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Jun. 30, 2014	Aug. 19, 2014
Document Information [Line Items]	'	'
Entity Registrant Name	'EFT Holdings, Inc.	'
Entity Central Index Key	'0001450973	'
Current Fiscal Year End Date	'--03-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'EFTB	'
Entity Common Stock, Shares Outstanding	'	75,983,201
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2015	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets(USD ($))	Jun. 30, 2014	Mar. 31, 2014
Current assets	'	'
Cash and cash equivalents	$3,684,907	$1,770,206
Securities available for sale	3,146,334	4,662,020
Inventories	511,608	618,919
Prepaid expenses	430,523	620,337
Other receivables	317,999	492,001
Current assets of discontinued operations	31,784	64,879
Total current assets	8,123,155	8,228,362
Property and equipment, net	1,034,847	1,098,308
Security deposit	413,108	422,029
Non-current assets of discontinued operations	209,733	210,948
Total assets	9,780,843	9,959,647
Current liabilities	'	'
Accounts payable	1,019,867	1,189,494
Commission payable	3,841,597	3,884,774
Other liabilities	6,487,566	5,729,073
Unearned revenues	3,212,606	3,268,916
Short-term loan	128,271	319,245
Contingent liabilities	214,019	213,674
Current liabilities of discontinued operations	3,534,492	3,523,808
Total liabilities	18,438,418	18,128,984
EFT Holdings, Inc. stockholders' equity (deficiency):	'	'
Preferred stock, $0.001 par value, 25,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.00001 par value, 4,975,000,000 shares authorized, 75,983,201 shares issued and outstanding at June 30 and March 31, 2014	760	760
Additional paid in capital	52,854,891	52,854,891
Retained deficits	-55,497,821	-54,963,024
Accumulated other comprehensive income	700,806	680,052
Total EFT Holdings, Inc. stockholders’ equity (deficiency)	-1,941,364	-1,427,321
Non-controlling interest	-6,716,211	-6,742,016
Total equity (deficiency)	-8,657,575	-8,169,337
Total liabilities and equity (deficiency)	$9,780,843	$9,959,647

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	4,975,000,000	4,975,000,000
Common stock, shares issued	75,983,201	75,983,201
Common stock, shares outstanding	75,983,201	75,983,201

Consolidated_Statements_of_Ope

Consolidated Statements of Operations(USD ($))	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Sales revenues, net	$229,573	$420,840
Shipping charges	68,405	85,182
Total revenues	297,978	506,022
Cost of goods sold	78,349	190,853
Shipping costs	5,303	10,404
Total cost of revenues	83,652	201,257
Gross profit	214,326	304,765
Operating expenses:	'	'
Selling, general and administrative expenses	1,742,219	1,452,001
Provision for inventory obsolescence	56,976	149,365
Royalty expenses	21,798	43,065
Total operating expenses	1,820,993	1,644,431
Net operating loss	-1,606,667	-1,339,666
Other income/(expense)	'	'
Interest income	51,027	86,479
Interest expense	-31,696	-3,159
Gain / (loss) on disposal of fixed assets	2,282	0
Gain on disposal of securities available for sale (includes $8,562 and $51,569 accumulated other comprehensive income reclassifications for unrealized net gains on securities available for sale for the three months ended June 30, 2014 and 2013, respectively)	16,172	49,393
Dividend income	4,305	0
Foreign exchange gain / (loss)	-195	-402
Other income	1,012,253	752
Total other income	1,054,148	133,063
Loss from continuing operations before income taxes and non-controlling interest	-552,519	-1,206,603
Income taxes expense	0	0
Loss from continuing operations	-552,519	-1,206,603
Income from discontinued operations	31,914	-35,144
Net loss	-520,605	-1,241,747
Non-controlling interest	-14,192	20,316
Net loss attributable to EFT Holdings, Inc.	($534,797)	($1,221,431)
Net loss per share - continuing operations	'	'
Basic and diluted (in dollars per share)	($0.01)	($0.02)
Net loss per share - discontinued operations	'	'
Basic and diluted (in dollars per share)	$0	$0
Net loss per common share attributable to EFT Holdings, Inc.	'	'
Basic and diluted (in dollars per share)	($0.01)	($0.02)
Weighted average common shares outstanding	'	'
Basic and diluted (in shares)	75,983,201	75,983,201

Consolidated_Statements_of_Ope1

Consolidated Statements of Operations (Parenthetical) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax	$8,562	$51,569

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Losses(USD ($))	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Net loss	($520,605)	($1,241,747)
Other comprehensive income/(loss)	'	'
Foreign currency translation adjustment	16,680	-102,613
Unrealized income/(loss) on securities available for sale	15,687	-193,624
Comprehensive loss	-488,238	-1,537,984
Less: Comprehensive income attributable to non-controlling interests	25,805	69,440
Comprehensive loss attributable to EFT Holdings, Inc.	($514,043)	($1,607,424)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows(USD ($))	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net loss from continuing operations	($552,519)	($1,206,603)
Net income/(loss) from discontinued operations	31,914	-35,144
Net loss from continuing operations	-520,605	-1,241,747
Adjustments to reconcile net loss to net cash provided by/(used in) operating activities:	'	'
Depreciation and amortization	49,864	74,486
Gain from securities available for sale	-16,172	-49,393
Provision for inventory obsolescence	56,976	149,365
(Gain) / loss on disposal of fixed assets	-2,282	0
Changes in operating assets and liabilities:	'	'
Inventories	50,403	224,937
Prepaid expenses	205,023	120,595
Other receivables	174,495	2,181
Accounts payable	-169,658	9,562
Commission payable	-43,176	-44,008
Other liabilities	757,780	-107,149
Unearned revenues	-56,310	78,660
Net cash provided by / (used in) continuing operations	486,338	-782,511
Net cash provided by discontinued operations	44,938	72,813
Net cash provided by / (used in) operating activities	531,276	-709,698
Cash flows from investing activities:	'	'
Additions to fixed assets	-387	-5,106
Proceeds from disposal of fixed assets	17,678	0
Purchase of securities available for sale	-522,873	-678,121
Proceeds from available for sales securities	2,070,417	2,643,944
Net cash provided by continuing operations	1,564,835	1,960,717
Net cash provided by discontinued operations	0	73
Net cash provided by investing activities	1,564,835	1,960,790
Cash flows from financing activities	'	'
Repayment of installment plan	-190,974	-191,190
Net cash used in continuing operations	-190,974	-191,190
Net cash provided by discontinued operations	0	0
Net cash used in financing activities	-190,974	-191,190
Effect of exchange rate changes on cash	9,564	-46,949
Net increase in cash	1,914,701	1,012,953
Cash, beginning of period	1,770,206	1,732,270
Cash, end of period	3,684,907	2,745,223
Supplemental disclosures of cash flow information:	'	'
Interest expenses paid in cash	$2,294	$3,159

ORGANIZATION

ORGANIZATION	3 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	Note 1 - ORGANIZATION
	EFT Holdings, Inc., “EFT Holdings” or the “Company,” formerly EFT Biotech Holdings, Inc., was incorporated in the State of Nevada on March 19, 1992.  The Company’s business is classified by management into two reportable segments: online and beverage. These reportable segments are two distinct businesses, each with a different customer base, marketing strategy and management structure. Substantially all of the Company’s revenue is generated from Mainland China.

GOING_CONCERN

GOING CONCERN	3 Months Ended
	Jun. 30, 2014
Going Concern Disclosure [Abstract]	'
Going Concern Disclosure [Text Block]	'
	Note 2 - GOING CONCERN
	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has negative working capital of $10,315,263 and an accumulated deficit of $55,497,821 as of June 30, 2014 and has reported net losses for the past two fiscal years. The Company expects to continue incurring losses for the foreseeable future and may need to raise additional capital from external sources in order to continue the long-term efforts contemplated under its business plan. These circumstances, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	Note 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of presentation
	The unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of June 30, 2014 and the results of operations and cash flows for the periods ended June 30, 2014 and 2013. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results for the three months ended June 30, 2014 are not necessarily indicative of the results to be expected for any subsequent periods or for the year ending March 31, 2015. The balance sheet at March 31, 2014 has been derived from the audited financial statements at that date.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission’s rules and regulations. These unaudited financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended March 31, 2014 as included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2014.
	Principles of Consolidation
	The financial statements include the accounts of EFT Holdings, Inc. and its subsidiaries. All material intercompany transactions and balances have been eliminated.
	Reclassification
	Certain amounts for prior periods have been reclassified to conform with the current period presentation.
	Uses of estimates in the preparation of financial statements
	The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and this requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenue and expenses during the reporting period. The significant areas requiring the use of management estimates include, but not limited to, the allowance for doubtful accounts receivable, estimated useful life and residual value of property, plant and equipment, provision for staff benefit, inventory markdown allowance, recognition and measurement of deferred income taxes and valuation allowance for deferred tax assets. Although these estimates are based on management’s knowledge of current events and actions management may undertake in the future, actual results may ultimately differ from those estimates.
	The significant accounting policies used in preparation of these consolidated financial statements for the three months ended June 30, 2014 are consistent with those discussed in Note 2 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended March 31, 2014. The Company consolidates Excalibur International Marine Corporation (“Excalibur”) based on a three-month lag with the Company’s reporting periods as discussed in Note 8.
	Recent accounting pronouncements
	In April 2014, the FASB issued ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This ASU changes the criteria for reporting discontinued operations. To be classified as a discontinued operation, the disposal of a component or group of components must represent a strategic shift that has, or will have, a major effect on an entity’s operations and financial results. The ASU also expands the disclosure requirements for those transactions that meet the new criteria to be classified as discontinued operations. The revised accounting guidance applies prospectively to all disposals (or classifications as held for sale) of components of an entity and for businesses that, upon acquisition, are classified as held for sale on or after adoption. Early adoption is permitted for disposals (or classifications as held for sale) that have not been previously reported in financial statements. The effects of applying the revised guidance will vary based upon the nature and size of future disposal transactions. It is expected that fewer disposal transactions will meet the new criteria to be reported as discontinued operations. The Company does not believe the adoption of this ASU will have a material effect on its consolidated financial statements.
	There are no other new accounting pronouncements adopted or enacted during the three months ended June 30, 2014 that had, or are expected to have, a material impact on the Company’s financial statements.
	Except for rules and interpretive releases of the SEC and a limited number of grandfathered standards, the FASB Accounting Standards Codification ("ASC") is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	Note 4 - FAIR VALUE MEASUREMENTS
	ASC Topic 820 defines fair value, establishes a framework for measuring fair value and enhances disclosure requirements for fair value measurements. This topic does not require any new fair value measurements. ASC Topic 820 defines fair value as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, ASC Topic 820 establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:
		Level 1 —	Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
		Level 2 —	Other inputs that are directly or indirectly observable in the marketplace.
		Level 3 —	Unobservable inputs which are supported by little or no market activity.
	The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. In accordance with ASC Topic 820, the Company measures its securities available for sale at fair value. The securities available for sale are classified within Level 1 since they are valued using quoted market prices.
	Assets measured at fair value are summarized below:
			June 30, 2014
			Level 1		Level 2		Level 3		Total
			Quoted Prices		Significant		Significant
			in Active		Other		Unobservable
			Markets for		Observable		Inputs
			Identical		Inputs
			Assets
	Securities available for sale - Debt securities		$	3,146,334	$	-	$	-	$	3,146,334
	Total assets measured at fair value		$	3,146,334	$	-	$	-	$	3,146,334
			March 31, 2014
			Level 1		Level 2		Level 3		Total
			Quoted Prices		Significant		Significant
			in Active		Other		Unobservable
			Markets for		Observable		Inputs
			Identical		Inputs
			Assets
	Securities available for sale - Debt securities		$	4,662,020	$	-	$	-	$	4,662,020
	Total assets measured at fair value		$	4,662,020	$	-	$	-	$	4,662,020

SECURITIES_AVAILABLE_FOR_SALE

SECURITIES AVAILABLE FOR SALE	3 Months Ended
	Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	'
	Note 5 – SECURITIES AVAILABLE FOR SALE
	Securities available for sale consist of the following:
		June 30, 2014
		Amortized		Unrealized		Unrealized		Market		Average
		Cost		Gains		Losses		Value		Duration (1)
	Corporate bonds	$	494,994	$	17,749	$	-4,260		508,483	4.64
	Corporate notes		998,750		-		-2,450		996,300	3.31
	Variable rate note		1,201,125		6,000		-68,125		1,139,000	Perpetual
	Fixed income mutual fund		502,350		201		-		502,551	N/A
	Total debt securities	$	3,197,219	$	23,950	$	-74,835	$	3,146,334
		March 31, 2014
		Amortized		Unrealized		Unrealized		Market		Average
		Cost		Gains		Losses		Value		Duration (1)
	Corporate bonds	$	1,786,057	$	23,069	$	-26,346		1,782,780	2.56
	Corporate notes		998,750		-		-23,750		975,000	3.56
	Variable rate notes		1,943,785		21,080		-60,625		1,904,240	Perpetual
	Total debt securities	$	4,728,592	$	44,149	$	-110,721	$	4,662,020
	(1) Average remaining duration to maturity, in years
	All securities were classified as available for sale as of each date presented.
	The following table shows the gross unrealized losses and fair value of the Company’s investments, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, as of June 30, 2014:
		Less than 1 year				1 Year or More				Total
		Market		Unrealized		Market		Unrealized		Market		Unrealized
		Value		Losses		Value		Losses		Value		Loss
	Corporate bonds	$	46,731	$	-1,074	$	141,490	$	-3,186	$	188,221	$	-4,260
	Corporate notes		-		-		996,300		-2,450		996,300		-2,450
	Corporate high-yield bonds		-		-		930,000		-68,125		930,000		-68,125
	Total debt securities	$	46,731	$	-1,074	$	2,067,790	$	-73,761	$	2,114,521	$	-74,835
	Declines in the fair value of available for sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses to the extent the impairment is related to credit losses. The amount of the impairment related to other factors is recognized in other comprehensive income. In estimating other-than-temporary impairment losses, management considers, among other things: (i) the length of time and the extent to which the fair value has been less than cost; (ii) the financial condition and near-term prospects of the issuer; and (iii) the intent and ability to retain the investment in the issuer for a period of time sufficient to allow for any anticipated recovery of cost.
	There were 10 securities in an unrealized loss position at June 30, 2014. Management does not intend to sell any of the securities classified as available for sale which have unrealized losses and believes that it is not likely that the Company will have to sell any such securities before a recovery of cost. The unrealized losses are largely due to increases in market interest rates over the yields available at the time the underlying securities were purchased and are not the result of deteriorated credit quality. The fair value is expected to recover as the bonds approach their maturity or re-pricing date or if market yields for such investments decline. Management does not believe such securities are other-than-temporarily impaired due to reasons of credit quality.
	Investment securities with a book value of $2,054,245 were sold during the three months ended June 30, 2014. The Company recognized a gain of $16,172 on the sale of those securities.

INVENTORIES

INVENTORIES	3 Months Ended
	Jun. 30, 2014
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
	Note 6 – INVENTORIES
	Inventories are valued at the lower of cost, determined on a first-in, first-out or market basis. Inventory consists of nutritional, personal care, automotive additive, environmentally safe products, portable drinking containers and the EFT-Phone. The Company has three warehouses, one in City of Industry, CA, one in Kowloon, Hong Kong, and one at its factory in the PRC. The Company also consigned some of its inventories to two logistics service providers in China. On a quarterly basis, the Company’s management reviews inventory levels in each country for estimated obsolescence or unmarketable items, as compared with future demand requirements and the shelf life of the various products. Based on this review, the Company records inventory write-downs when costs exceed expected net realizable value.
	The components of inventories were as follows:
		June 30,		March 31,
		2014		2014
	Raw materials and supplies	$	42,302	$	43,407
	Finished goods		1,445,582		1,495,349
			1,487,884		1,538,756
	Less: Provision for inventory obsolescence		-976,276		-919,837
		$	511,608	$	618,919

LOANS_TO_RELATED_PARTIES_AND_R

LOANS TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS	3 Months Ended
	Jun. 30, 2014
Loans To Related Parties and Related Party Transactions [Abstract]	'
Loans to Related Parties and Related Party Transactions [Text Block]	'
	Note 7 - LOANS TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS
	The board of directors of the Company approved a non-interest bearing demand loan in the amount of $1,567,000 on July 25, 2008 to Yeuh-Chi Liu, a vendor to the Company. The $1,567,000 loan was used by Yeuh-Chi Liu to purchase a 3.97% ownership interest in Excalibur, see Note 10, and is collateralized by that interest. Yeuh-Chi Liu has served as a member of the board of directors of Excalibur since July 23, 2008. The Company does not expect that this loan will be repaid and the loan was written off as of December 31, 2010. The Company has not yet enforced its interest in the collateral.
	The “EFT” trademark was owned by Top Capital Inc. beginning in the 1990s and was operated for its online business in China. At the time when Top Capital Inc. merged with the Company on November 16, 2007, the ownership of the “EFT” trademark was transferred to EFT Assets Limited, a company in which Wendy Qin, a director of EFT International Ltd., serves as a director. Pursuant to an agreement between the Company and EFT Assets Limited at the time of the merger, the Company uses the “EFT” name and is required to pay an annual royalty to EFT Assets Limited equal to a percentage of its gross sales for the previous fiscal year. The percentage is 5% for the first $30 million in gross sales, 4% for the $10 million in gross sales in excess of $30 million, 3% for the $10 million in gross sales in excess of $40 million; 2% for the $10 million in gross sales in excess of $50 million; and 1% for the $10 million in gross sales in excess of $60 million, with a minimum annual royalty of $500,000. EFT Assets Limited is owned by a number of persons, including Wendy Qin. Ms. Qin is the sister of Jack Jie Qin, the Company’s president. During the three months ended June 30, 2014 and 2013, the royalties payable to EFT Assets Limited were $21,798 and $43,065, respectively.
	In March 2010, one of the Company’s subsidiaries, EFT International Ltd., entered into a consultancy agreement with JFL Capital Limited, a company in which Wendy Qin serves as a director and is one of the principal shareholders. Under this agreement, EFT International Ltd. engaged JFL Capital Limited to provide EFT International Ltd. consultancy services on administration, financial matters, corporate planning and business development commencing from April 1, 2010, and the annual fee will be increased at the rate of $15,000 each year. The agreement may be terminated by either party on three months’ written notice. For the three months ended June 30, 2014 and 2013, EFT International Ltd. paid JFL Capital Limited $93,750 and $90,000, respectively.
	The Company rents a 6,500 square foot office space at market rate for its satellite training center in Hong Kong. This office is located at Langham Office Tower, 8 Argyle Street, Suite 3706, Kowloon, Hong Kong SAR. The leased space is owned by a number of persons, including Wendy Qin, a director of EFT (HK) Ltd and the sister of Jack Jie Qin, the Company’s president. The lease for this space expires on March 31, 2015, with a monthly rental of $30,900. On May 1, 2014, the Company sublet a portion of the rental office space, approximately 1,230 square feet, to a third party at a market rate in an effort to reduce the Company’s costs. During the three months ended June 30, 2014 and 2013, the Company paid the lessor $77,419 and $92,784, respectively , in rent.

DISCONTINUED_OPERATION_EXCALIB

DISCONTINUED OPERATION - EXCALIBUR	3 Months Ended
	Jun. 30, 2014
Discontinued Operation Excalibur [Abstract]	'
Excalibur [Text Block]	'
	Note 8 – DISCONTINUED OPERATION - EXCALIBUR
	On October 25, 2008, the Company through its wholly-owned subsidiary, EFT Investment, acquired a 48.81% equity interest in Excalibur for $19,193,000. The Company initially loaned funds to Excalibur in July 2008 and subsequently has continued to provide Excalibur with loan capital to fund its operations.
	The Company consolidates Excalibur based on a three-month lag with the Company’s reporting periods. All inter-company accounts and transactions were eliminated in consolidation. The following table provides a summary of balance sheet and statement of operations information for Excalibur , which is consolidated in the Company’s financial statements:
		Excalibur International Marine Corporation
		March 31, 2014				December 31, 2013
		NTD*		USD		NTD*		USD
	Total assets, net		7,218,878		241,517		8,244,403		275,827
	Total liabilities, net		105,645,976		3,534,492		105,326,659		3,523,808
	Net assets		-98,427,098		-3,292,975		-97,082,256		-3,247,981
	48.81% ownership		-48,042,267		-1,607,301		-47,385,849		-1,585,340
		For the three months ended
		March 31, 2014				March 31, 2013
		NTD*		USD		NTD*		USD
	Operating cost		1,105,876		36,802		3,501,025		117,248
	Selling, general and administrative expenses		1,052,135		35,013		1,056,566		35,384
	Interest expense		908,647		30,238		-		-
	Foreign exchange gain/(loss)		-4,025,712		-133,967		-1,395,059		-46,720
	Net income		-959,054		-31,914		3,162,532		105,912
	48.81% ownership		-468,114		-15,577		1,543,632		51,696
	*NTD: New Taiwan Dollar
	On August 8, 2010, the Company’s vessel, the Ocean LaLa, was damaged when sailing in the Taiwan Strait. As a result of the damage suffered, the Ocean LaLa has been taken out of service and management estimated that the net book value of the equipment exceeded its market value and an impairment loss of $5.4 million has been provided for the year ended March 31, 2011.
	Since August 2010, the Ocean LaLa has remained in dry dock and its damage has not been repaired. As such, professional valuations of the Ocean LaLa have been difficult to obtain. Therefore, alternative methods have been utilized. The Company searched ship broker information to get a market price for a similar (i.e., those with similar size and capacity) but fully functional vessel, since the Company could not find a similar vessel with the exact damage as the Ocean LaLa. The market value of the Ocean LaLa was then calculated by subtracting the quoted repair estimate for the Ocean LaLa from the market value of such similar vessel. In addition, in March 2013, the Company received an offer from an independent third party to purchase the Ocean LaLa. The adjusted market value described above exceeded the net carrying value of the vessel, but the offer to purchase the Ocean LaLa was below the net book value. Based on the above analysis, the Company concluded that the net carrying value of the equipment exceeded its fair value and a further impairment loss of $5.5 million was recorded during the year ended March 31, 2013.
	During the period ended September 30, 2013, Excalibur’s management obtained approval from its shareholders to sell the vessel. The transportation equipment was then classified as held for sale as it met all the criteria outlined by ASC 360-10-45-9. In December 2013, Excalibur signed a memorandum of agreement with a potential buyer to sell the Ocean LaLa for $1,500,000. The vessel was delivered to the seller on March 15, 2014 and the title to the vessel was then passed to the buyer on the same date. A commission of 3% based on the purchase price was paid to the broker handling the transaction. A gain on disposal of NTD 13,915,488, equivalent to $467,590, has been recognized for the subsequent increase in selling price less cost to sell the vessel, but not in excess of the cumulative impairment loss recognized in accordance with ASC 360.
	Following the disposal of the Ocean LaLa in March 2014, the operating results associated with the transportation business have been classified as discontinued operations in the consolidated financial statements. The Company recorded income of $31,914 in the three months ended June 30, 2014, primarily relating to exchange gain associated with the disposal. Even though the Company has discontinued the operations related to the shipping segment, the Company continues certain wrap-up activities related to several ongoing lawsuits involving its investment in this segment. Additional information concerning Excalibur is included in Note 17 (Litigation).

INVESTMENT_IN_CTX_VIRTUAL_TECH

INVESTMENT IN CTX VIRTUAL TECHNOLOGIES	3 Months Ended
	Jun. 30, 2014
Investment In Ctx Virtual Technologies [Abstract]	'
Investment in Ctx Virtual Technologies [Text Block]	'
	Note 9- INVESTMENT IN CTX VIRTUAL TECHNOLOGIES
	The Company currently owns 8,558,000 shares of common stock of CTX Virtual Technologies, Inc. (“CTX”) (Pink Sheets: CTXV). The original investment of $5,000,000 for 10,593,220 shares of CTX common stock was recorded as a long-term investment carried on the cost method. Although the Company appeared at the time of the investment to hold a majority of the common stock outstanding, CTX also had outstanding classes of preferred stock that had super-majority voting rights. During the year ended March 31, 2011, the Company recorded a full impairment of the investment, bringing its carrying value to zero.
	During the three months ended June 30, 2014, the Company sold approximately 2 million shares of its holdings in CTX for approximately $1million less commissions and other fees and reported a gain of approximately $985,000 in the accompanying consolidated statement of operations.
	The Company intends to sell the remaining 8.6 million shares of CTX but there can be no assurance that it will be able to do so.

OTHER_LIABILITIES

OTHER LIABILITIES	3 Months Ended
	Jun. 30, 2014
Other Liabilities and Financial Instruments Subject To Mandatory Redemption [Abstract]	'
Other Liabilities Disclosure [Text Block]	'
	Note 10 - OTHER LIABILITIES
	Other liabilities consist of the following:
		June		March
		30, 2014		31, 2014
	Payroll liabilities	$	47,971	$	53,003
	Warranty liabilities		2,255		2,593
	Accrued interest		573		2,867
	Accrued expenses		1,115,803		372,919
	Provision for tax		5,318,302		5,295,033
	Others		2,662		2,658
		$	6,487,566	$	5,729,073

CONTINGENT_LIABILITIES

CONTINGENT LIABILITIES	3 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Contingencies Disclosure [Text Block]	'
	Note 11 - CONTINGENT LIABILITIES
	The Company’s controlled subsidiary, Excalibur, purchased the vessel “Ocean LaLa” from a British Virgin Islands, “BVI,” company, Ezone Capital Co. Ltd., in 2008. The purchase price was EURO 16 million, equivalent to approximately $21.9 million. The vessel was delivered to Excalibur and registered as owned by Excalibur at the end of 2008. The last payment of EURO 2 million, equivalent to $2,739,729, is still under dispute as Excalibur believes that certain special equipment relating to the Ocean LaLa, including special tooling, was not delivered at the time of sale and one of Ezone’s directors did not act in good faith and was involved in self-dealing. On August 18, 2010, the dispute was submitted to an arbitral tribunal. The Final Arbitration Award was published by the arbitral tribunal on June 9, 2014, and Excalibur was ordered to pay to Ezone the sum of Euro 2 million plus interest at a rate of 4.5% from August 19, 2008 compounded until the date of the Final Arbitration Award and thereafter at the same rate and compounded on the same basis until the date of payment. The Company has decided not to appeal the arbitration award. As of June 30, 2014, the Euro 2 Million contingent liability and approximately $692,000 of interest has been accrued.
	In 2009, the Company’s subsidiary, Tianquan, engaged a general contractor to construct a water manufacturing plant for RMB 4,758,600 (US$767,000).  Upon completion, EFT inspected the plant and found several material construction defects, including, but not limited to, the fact that the contractor used inferior construction material, inconsistent construction plans and substandard insulation material. As a result, EFT conditioned its final construction payment to the contractor in the amount of RMB 698,896 (US$112,700) on the rectification of all construction defects. On March 22, 2012, the contractor brought a case against EFT in Baiquan People’s Court in Heilongjiang Province seeking approximately RMB 1,912,000 of purported outstanding payments under the contract and interest thereon.  On January 16, 2014, Tianquan received an unfavorable decision issued by Baiquan People’s Court in Heilongjiang Province awarding the contractor approximately RMB 1,326,916 (US$214,000) of purported outstanding payments under the contract and interest thereon.  The Company filed an appeal with Qiqihar Intermediate People’s Court on January 27, 2014. The final resolution of this case is pending.

SHORTTERM_LOAN

SHORT-TERM LOAN	3 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Short-term Debt [Text Block]	'
	Note 12 – SHORT-TERM LOAN
	The Company received a $571,200 loan from a third party, Insurance Financing, Inc. (“IFI”), to finance the directors’ and officers’ insurance premium. The loan bears an interest rate of 3.60% per annum. The loan is to be repaid over a nine-month period beginning on December 15, 2013. The terms of the agreement allowed for the Company to make nine equal monthly payments of $64,422 each.

WARRANTS

WARRANTS	3 Months Ended
	Jun. 30, 2014
Warrants Note Disclosure Abstract [Abstract]	'
Warrrants Disclosure [Text Block]	'
	Note 13 – WARRANTS
	As of June 30, 2014, the Company’s subsidiary Digital Development Partners Inc. has 330,665 Series A and 330,665 Series B warrants outstanding, which are accounted for as equity instruments.  The Series A and Series B warrants will expire on September 30, 2014 and permit the holders to purchase one share of Digital’s common stock at an exercise price of $1.00 per share and $1.25 per share, respectively.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	Note 14 - INCOME TAXES
	The Company was incorporated in the United States and has operations in five tax jurisdictions - the United States, the Hong Kong Special Administrative Region (“HK SAR”), mainland China, Taiwan, and the BVI.
	The Company generated substantially all of its net income from its BVI operations for the three months ended June 30, 2014.  According to BVI tax law, this income is not subject to any taxes. The Company’s HK SAR subsidiaries are subject to a 16.5% profit tax based on its taxable net profit. EFT (HK) Ltd provides management service to a BVI subsidiary, and the BVI subsidiary reimburses EFT HK Ltd for its total operating expenses plus 5% mark up, and the income is subject to 16.5% profit tax. The deferred tax assets for the Company’s US operations were immaterial for the three months ended June 30, 2014.
	The Company’s Taiwanese subsidiaries, Excalibur and EFT Investment, and its factory in mainland China are subject to a 17% and 25% standard enterprise income tax, respectively, based on their taxable net profit. These operations have incurred net accumulated operating losses for income tax purposes and management believes that it is more likely than not that these net accumulated operating losses will not be utilized in the future. Therefore, it has provided full valuation allowance for the deferred tax assets arising from the losses as of June 30, 2014 and 2013.
	The income tax expenses consist of the following:
		Three Months Ended
		June 30,
		2014		2013
	Current:
	Domestic	$	-	$	-
	Foreign		-		-
	Deferred		-		-
	Income tax expenses	$	-	$	-
	A reconciliation of income taxes, with the amounts computed by applying the statutory federal income tax rate, 37% for the three months ended June 30, 2014 and 2013, to income before income taxes for the three months ended June 30, 2014 and 2013, is as follows:
		Three Months Ended
		June 30,
		2014		2013
	Income tax provision at U.S. statutory rate	$	-197,875	$	-451,930
	Deferred tax valuation allowance		196,402		448,763
	Nondeductible expenses		1,473		3,167
	Income tax expenses	$	-	$	-
	The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various states and foreign jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for tax years before 2006 (March 31, 2007).
	The Company has not provided deferred taxes on unremitted earnings attributable to international companies that have been considered to be reinvested indefinitely. Because of the availability of U.S. foreign tax credits, it is not practicable to determine the income tax liability that would be payable if such earnings were not indefinitely reinvested. In accordance with ASC Topic 740, interest associated with unrecognized tax benefits is classified as income tax and penalties are classified in selling, general and administrative expenses in the statements of operations.
	In December 2013, the IRS concluded its audit of the Company’s returns for the years 2007 through 2010 and issued an examination report that proposed adjustments of $12.3 million of additional tax liabilities for the years 2008 through 2010. After receiving further information from the Company subsequent to the issuance of its original report, the IRS has revised its audit report of the Company’s returns for the years 2008 through 2010 and has reduced its proposed adjustments from $12.3 million to $3.6 million of additional tax liabilities for the years 2008 through 2010. The Company plans to continue to challenge most of the remaining proposed adjustments as set forth in the revised report and is in the process of appealing the proposed adjustments with the IRS. Based on the IRS report, the Company has recorded federal and California state tax liabilities of $3.0 million and $0.8 million, respectively, for the years 2008 through 2010.
	The extent of the Company’s operations involves dealing with uncertainties and judgments in the application of complex tax regulations in a multitude of jurisdictions. The final taxes paid are dependent upon many factors, including negotiations with taxing authorities in various jurisdictions and resolution of disputes arising from federal, state and international tax audits. The Company recognizes potential liabilities and records tax liabilities for anticipated tax audit issues in the United States and other tax jurisdictions based on its estimate of whether, and the extent to which, additional taxes will be due.

COMMITMENTS

COMMITMENTS	3 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments Disclosure [Text Block]	'
	Note 15 – COMMITMENTS
	Lease commitments
	The Company leases 3,367 square feet of space in California that serves as its principal executive offices. The lease expires in February 2015. The monthly rent for the period ended June 30, 2014 is $9,455. Future minimum lease payments under the lease are as follows:
	Year Ending March 31,
	2015	$	75,640
	The Company rents office space for its satellite training center in Hong Kong. For additional information please refer to Note 7. The lease expires on March 31, 2015, with a monthly rental of $23,226. Future minimum lease payments under the operating lease are as follows:
	Year Ending March 31,
	2015	$	209,034
	The Company rents storage space for its satellite training center in Hong Kong. The lease provides for monthly lease payments approximating $955 starting on January 4, 2013 and expiring on January 3, 2015. Future minimum lease payments under the operating lease are as follows:
	Year Ending March 31,
	2015	$	5,730
	The Company rents office space for its operation in Taiwan. The lease expires on December 16, 2014, and the monthly rental is $1,260. Future minimum lease payments under the operating lease are as follows:
	Year Ending March 31,
	2015	$	7,560
	The Company also leases a 40,000 square meter property from Yongqin county of Baiquan, Heilongjiang Province, the PRC and constructed a bottled water factory there. The land is leased commencing on December 31, 2009 for a term of fifty years, with a yearly land use rights fee of $3,865.
	Year Ending March 31,
	2015		3,865
	2016		3,865
	2017		3,865
	2018		3,865
	2019		3,865
	Thereafter		154,600
	Total rent expense for the three months ended June 30, 2014 and 2013, was $114,816 and $141,561, respectively.

SEGMENT_INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	Note 16 – SEGMENT INFORMATION
	The Company’s business is currently classified by management into two reportable business segments: onlineand beverage. The online business reportable segment is an aggregation of the Company’s online operating segments, which are organized to sell the Company’s products to Affiliates through its websites. The online business reportable segment derives revenue from the sales of nutritional products, personal care products and EFT-phones and access fees for its network platform. The beverage business reportable segment derives revenue and expense from the bottled water factory in Baiquan, Heilongjiang Province, the PRC.
	Until March 31, 2014, the Company had a third reportable business segment, the transportation segment. The transportation segment, which derived revenue from transporting passengers and cargo between Taiwan and Mainland China through the Taiwan Strait, was discontinued during the quarter and therefore was classified as a discontinued operation as of June 30, 2014.
	Unallocated items comprise mainly corporate expenses and corporate assets.
	Although substantially all of the Company’s revenue is generated from Mainland China, the Company is organizationally structured along business segments. The accounting policies of each of the Company’s operating segments are the same as those described in Note 2, “Summary of Significant Accounting Policies.”
	The following tables provide the business segment information as of and for the three months ended June 30, 2014 and 2013. Income tax allocations have been determined based on statutory rates in the applicable business segment.
		Three months ended June 30, 2014
		Online		Beverage		Unallocated items		Total
		business		business
	Sales revenues, net	$	297,978	$	-	$	-	$	297,978
	Cost of goods sold		-83,652		-		-		-83,652
	Gross profit/(loss)		214,326		-		-		214,326
	Operating expenses:
	Selling, general and administrative expenses		378,405		59,124		1,304,690		1,742,219
	Provision for inventory obsolescence		56,976		-		-		56,976
	Royalty expenses		21,798		-		-		21,798
	Total operating expenses		457,179		59,124		1,304,690		1,820,993
	Net operating loss		-242,853		-59,124		-1,304,690		-1,606,667
	Other income		102,142		5,342		946,664		1,054,148
	Allocated income tax benefit		-		-		-		-
	Loss after income tax		-140,711		-53,782		-358,026		-552,519
	Total long-lived assets		50,213		984,371		263		1,034,847
	Additions to long-lived assets		387		-		-		387
		Three months ended June 30, 2013
		Online		Beverage		Unallocated items		Total
		business		business
	Sales revenues, net	$	499,440	$	6,582	$	-	$	506,022
	Cost of goods sold		-198,664		-2,593		-		-201,257
	Gross profit/(loss)		300,776		3,989		-		304,765
	Operating expenses:
	Selling, general and administrative expenses		547,906		92,895		811,200		1,452,001
	Provision for inventory obsolescence		149,365		-		-		149,365
	Royalty expenses		43,065		-		-		43,065
	Total operating expenses		740,336		92,895		811,200		1,644,431
	Net operating loss		-439,560		-88,906		-811,200		-1,339,666
	Other income		42,172		1		90,890		133,063
	Allocated income tax benefit		-		-		-		-
	Loss after income tax		-397,388		-88,905		-720,310		-1,206,603
	Total long-lived assets		130,868		1,165,975		23,718		1,320,561
	Additions to long-lived assets		-		-		5,106		5,106

LITIGATION

LITIGATION	3 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Legal Matters and Contingencies [Text Block]	'
	Note 17 – LITIGATION
	In October 2008, the Company acquired, through a wholly-owned subsidiary, 48.81% of the capital stock of Excalibur International Marine Corporation, a Taiwanese corporation, for $19,193,000. Excalibur owns a high speed ship which, until August 2010, transported passengers and cargo between Taiwan and mainland China through the Taiwan Strait. Excalibur’s vessel, the Ocean LaLa, was capable of carrying up to 370 passengers and 630 tons of cargo. Excalibur purchased the Ocean LaLa from Ezone Capital Co. Ltd., prior to its acquisition by the Company. The last payment of EURO 2,000,000, equivalent to $2,739,726, was withheld by Excalibur since Excalibur believed that special tooling was not delivered at the time of sale and that an Ezone’s director did not act in good faith and was involved in self-dealing.  On August 18, 2010, Excalibur received a statement of claim, equivalent to a complaint in the United States, demanding approximately 2,000,000 Euros. On June 9, 2014, the arbitrators awarded in favor of Ezone, with counterclaims of Excalibur dismissed by the arbitrators. The Company has decided not to appeal the arbitration award.
	On October 1, 2010, EFT Investment Co. Ltd. (EFTI) filed a lawsuit against Hsiao Zhong-Xing, former general manager of Excalibur, and Lu Zhuo-Jun, former vice general manager of Excalibur, collectively "Defendants,” in the Taiwan Shihlin District  Prosecutor’s Office. EFT Investment Co. Ltd. alleges, among other things, that Defendants committed the offences of capital forging, fraud, breach of trust, and document fabrication. On April 30, 2013, the Taiwan Shihlin District Court found that both Hsaio Zhong-Xing and Lu Zhuo-Jun were guilty of fraudulent increase of paid-up capital and dismissed all other charges. As a result, Hsiao Zhong-Xing received a six-month jail sentence and Lu Zhuo-Jun received a five-month jail sentence. Both of their jail sentences can be converted into a fine. On May 27, 2013, the Shihlin District Prosecutor filed an appeal in the Taiwan High court for reconsideration of the judgment entered by the District Court. On February 19, 2014, the Taiwan High Court sustained the District Court’s decision and found Hsaio Zhong-Xing guilty and sentenced him to a mandatory ten-month jail sentence; and found Lu Zhuo-Jun guilty and sentenced him to a mandatory eight-month jail sentence. This decision is final and confirmed.
	EFT Investment Co. Ltd. filed a civil lawsuit against Jiao Ren-Ho, Chang Hui-Ying, Hsiao Zhong-Xing, and Lu Zhuo-Jun, collectively “Defendants,” in the Taiwan Shihlin District court on February 12, 2010. EFT Investment Co. Ltd. alleges Defendants committed tortious acts, including but not limited to the offences of capital forging, fraud, breach of trust and document fabrication. The Shihlin District Court found in favor of all Defendants in the case. EFT filed an appeal in the appellate court for reconsideration of the judgment entered by the District Court. The appellate court remanded the case to District Court for the second review and the District Court found in favor of all defendants for the second time. EFT therefore filed a second appeal in the appellate court for reconsideration of the judgment entered by the District Court. The final resolution of this case is pending.
	Marinteknik Shipbuilders (S) Pte Ltd., a Singapore company, filed a lawsuit against Excalibur in the Taiwan Taichung District Court on July 9, 2009 for unpaid service fees and out-of-pocket expenses of NTD  8,050,832, equivalent to approximately $264,000. On August 20, 2009, the Taiwan Taipei district court froze Excalibur’s cash of $203,402 in response to the suit. The final resolution of this case is pending. However, a contingent liability for the restricted cash has been recorded.
	On August 2, 2010, the Company commenced a legal proceeding against Marinteknik Shipbuilders (S) Pte Ltd. and three other persons in the High Court of the Republic of Singapore alleging fraud, misrepresentation, and deceit on the part of the defendants with respect to Excalibur’s purchase of the Ocean LaLa. The Company claims that the wrongful actions of the defendants resulted in damages of $19,000,000 to the Company. On December 11, 2012, the High Court issued a decision whereby it dismissed EFT’s actions against Marinteknik and Lim Lan Eng (Priscilla), a director of Marinteknik. On January 8, 2013, EFT filed an appeal against the decision made by the High Court. On November 29, 2013, the appellate court issued its order and sustained the High Court’s decision and awarded legal fees to the defendants. The Company has accrued a liability in the amount of $200,000 for the legal costs. The High Court dismissed the appeal by the Company, but criticized the defendants, stating that their actions were “wholly lacking in probity” and “likely also to have been unlawful”. After seeking further legal advice and balancing all factors, however, it was decided that commencing further legal proceedings on this matter is not beneficial to the commercial interests of the Company.
	In 2009, EFT’s subsidiary, Heilongjiang Tianquan Manor Soda Drinks Co. Ltd., engaged a general contractor, the “Contractor”, to construct a water manufacturing plant, the “Plant”, for RMB4,758,600 (US$766,000).  Upon completion, EFT inspected the Plant and found several material construction defects, including, but not limited to, the fact that the Contractor used inferior construction material, inconsistent construction plans and substandard insulation material. As a result, in 2010, EFT conditioned its final construction payment to the Contractor in the amount of RMB698,896 (US$112,500) on the rectification of all construction defects. On March 22, 2012, the Contractor brought a case against EFT in Baiquan People’s Court in Heilongjiang Province seeking approximately RMB1,912,000 of purported outstanding payments under the contract and interest thereon. On January 16, 2014, EFT’s subsidiary, Heilongjiang Tianquan Manor Soda Drinks Co. Ltd., received an unfavorable decision issued by Baiquan People’s Court in Heilongjiang Province awarding the contractor approximately RMB1,326,916 of purported outstanding payments under the contract and interest thereon.  The Company filed an appeal with Qiqihar Intermediate People’s Court on January 27, 2014. The final resolution of this case is pending.
	On August 8, 2012, the Company filed a complaint against Edward Carter, a former consultant, in the Superior Court of California, county of Los Angeles, in which the Company alleges, among other things, that Mr. Carter breached his consulting contract, fiduciary duty and committed fraud and misrepresentation in respect to the Company’s investment in CTX Virtual Technologies, Inc., “CTX”, as sponsored by Buckman, Buckman & Reid, Inc., “BB&R”, a financial consulting firm and placement agent. The final resolution of this case is pending.
	On January 28, 2013, EFT Investment Co. Ltd., a wholly owned subsidiary of the Company in Taiwan (“EFTI”), filed a criminal complaint against Tom Peng a.k.a Cheng Hao Peng (President of Meifu Development Co., Ltd., “Meifu”), Thomas Chen a.k.a. Hong Dong Chen (former General Manager and Director of EFTI), Stiven Peng a.k.a. Tien Te Peng (Vice Chairman of Transglobe Life Insurance Inc., “Transglobe”), Xian Jue Liu (Chairman of Transglobe ), Shih Kuei Chang (General Manager of Meifu), Yi Feng Cheng (Real Estate Department Manager of Transglobe ) and Da Min Wu, an individual, collectively called “Defendants”, in the Taipei District  Prosecutor’s Office. EFTI alleges, among other things, that Thomas Chen colluded with Tom Peng and other Defendants, and that Thomas Chen had made numerous misrepresentations to the Company and EFTI on transactions related to a building in Taiwan, of which Meifu and Transglobe were developers. The Company also alleges that Thomas Chen breached his fiduciary duty, as the General Manager of EFTI, by binding EFTI in various agreements and making payments from EFTI to Meifu and Transglobe, which are named Defendants, and that the Defendants had committed violations of securities law, insurance law, corporation law and tax law, as well as money laundering, fraud and breach of trust.
	On June 6, 2013, the Company filed a civil complaint in Los Angeles, California against Meifu Development Co., Ltd., Transglobe Life Insurance Inc. and certain individuals related to the purchase of the Taiwan Building. On January 27, 2014, the Company voluntarily dismissed the civil complaints without prejudice in Los Angeles, California, in return for a good faith settlement negotiation initiated by such defendants. However, due to a lack of good faith of the defendants to negotiate for a settlement, on May 30, 2014, the Company re-filed civil complaints against Meifu Development Co.   Ltd., Transglobe Life Insurance, Inc., Tom Peng and Thomas Chen in the Los Angeles Supreme Court, alleging deceit, conversion, breach of fiduciary duty and other illegal acts against the Company.
	On July 23, 2013, the Taipei District Prosecutor’s Office issued a non-indictment decision on charges of fraud against the Defendants, which the Company believes is unwarranted. The decision not to indict the Defendants was made despite the fact that the Taiwan Investigation Bureau, Ministry of Justice, had confirmed that Thomas Chen, the former GM of EFTI, has received and/or has intended to receive secret profits from Tom Peng, who admitted his full control over Meifu and Transglobe. A report by the Taiwan Investigation Bureau, Ministry of Justice, further revealed, among other fraudulent activities, that Tom Peng and his son, Stiven Peng a.k.a. Tien Te Peng were involved in illegal inter-company transactions and illegal related party transactions. Documents received by the Company through Court petition indicated that, on June 14, 2013, the Prosecutor in Taiwan, despite what the Company believes to have been ample evidence of illegality, instructed the Taiwan Investigation Bureau to halt all further investigations on EFTI’s criminal complaint prior to his written decision not to indict the Defendants. Subsequently, on August 22, 2013, EFTI completed the filing of the appeal with the Taiwan High Prosecutor’s Office for reconsideration of the non-indictment charges against the Defendants. This appeal was rejected on August 29, 2013, which the Company believes was not enough time for the Prosecutor’s Office to fully reconsider the appeal. On September 12, 2013, EFTI filed a final petition to the Taipei District Court for judgment of the decision made by the Taiwan High Prosecutor’s Office, but the petition was rejected on March 5, 2014. The Company is considering various legal options against the Defendants in Taiwan.
	On November 27, 2013, a class action entitled Li, et al. v. EFT Holdings, Inc., et al. was filed on behalf of a putative class of all purchasers of one or more of the Company’s products against the Company and Jack Qin in the United States District Court for the Central District of California.  The amended complaint, filed on July 11, 2014, alleges, among other things, violation of unfair competition law and false advertising law and fraud.  The complaint seeks, among other things, compensatory and punitive damages and injunctive relief.  The case is currently pending.  The Company believes that the claims asserted are without merit and intends to defend against them vigorously.
	On November 27, 2013, a class action entitled Li, et al. v. Qin, et al. was filed on behalf of a putative class of all purchasers of the Company’s products against the Company and certain of its current and former officers and directors in the United States District Court for the Central District of California.  The amended complaint, filed on July 11, 2014, adds certain other persons and entities as defendants and alleges, among other things, operation of an endless chain scheme, fraud, corporate waste and gift, and violations of the federal Racketeer Influenced and Corrupt Organizations (RICO) Act. The complaint seeks, among other things, compensatory and punitive damages.  The case is currently pending.  The Company believes that the claims asserted are without merit and intends to defend against them vigorously.
	On December 6, 2013, the Company joined George Curry (a former director and officer of the Company) in the “CTX” lawsuit as one of the defendants in the Superior Court of California, county of Los Angeles, in which the Company alleges, among other things, that Mr. Curry breached his fiduciary duty and committed fraud and misrepresentation in respect of the Company’s investment in CTX Virtual Technologies, Inc..
	On April 18, 2014, George Curry filed a countersuit against EFT Holdings, Inc., Jack Qin and Pyng Soon in the United States Federal District Court, Central District of California, Los Angeles (Western District). In the complaint, Mr. Curry seeks implied and equitable indemnity, declaratory relief and apportionment of fault.
	On May 30, 2014, the Company filed a civil lawsuit in the Superior Court of the State of California for the County of Los Angeles - East District against Meifu and others. alleging deceit, conversion, breach of fiduciary duty and money had and received against the defendants. Also named as defendants in this action are TransGlobe, Peng Cheng-Hao (President of Meifu) and Thomas Chen, a former director of EFTI.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	Note 18 - SUBSEQUENT EVENTS
	On July 3, 2014, the Company sold an additional 784,264 shares of its holdings in CTX for $381,000 less commissions and fees.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of presentation
	The unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of June 30, 2014 and the results of operations and cash flows for the periods ended June 30, 2014 and 2013. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results for the three months ended June 30, 2014 are not necessarily indicative of the results to be expected for any subsequent periods or for the year ending March 31, 2015. The balance sheet at March 31, 2014 has been derived from the audited financial statements at that date.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission’s rules and regulations. These unaudited financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended March 31, 2014 as included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2014.
Consolidation, Policy [Policy Text Block]	'
	Principles of Consolidation
	The financial statements include the accounts of EFT Holdings, Inc. and its subsidiaries. All material intercompany transactions and balances have been eliminated.
Reclassification, Policy [Policy Text Block]	'
	Reclassification
	Certain amounts for prior periods have been reclassified to conform with the current period presentation.
Use of Estimates, Policy [Policy Text Block]	'
	Uses of estimates in the preparation of financial statements
	The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and this requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenue and expenses during the reporting period. The significant areas requiring the use of management estimates include, but not limited to, the allowance for doubtful accounts receivable, estimated useful life and residual value of property, plant and equipment, provision for staff benefit, inventory markdown allowance, recognition and measurement of deferred income taxes and valuation allowance for deferred tax assets. Although these estimates are based on management’s knowledge of current events and actions management may undertake in the future, actual results may ultimately differ from those estimates.
	The significant accounting policies used in preparation of these consolidated financial statements for the three months ended June 30, 2014 are consistent with those discussed in Note 2 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended March 31, 2014. The Company consolidates Excalibur International Marine Corporation (“Excalibur”) based on a three-month lag with the Company’s reporting periods as discussed in Note 8.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recent accounting pronouncements
	In April 2014, the FASB issued ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This ASU changes the criteria for reporting discontinued operations. To be classified as a discontinued operation, the disposal of a component or group of components must represent a strategic shift that has, or will have, a major effect on an entity’s operations and financial results. The ASU also expands the disclosure requirements for those transactions that meet the new criteria to be classified as discontinued operations. The revised accounting guidance applies prospectively to all disposals (or classifications as held for sale) of components of an entity and for businesses that, upon acquisition, are classified as held for sale on or after adoption. Early adoption is permitted for disposals (or classifications as held for sale) that have not been previously reported in financial statements. The effects of applying the revised guidance will vary based upon the nature and size of future disposal transactions. It is expected that fewer disposal transactions will meet the new criteria to be reported as discontinued operations. The Company does not believe the adoption of this ASU will have a material effect on its consolidated financial statements.
	There are no other new accounting pronouncements adopted or enacted during the three months ended June 30, 2014 that had, or are expected to have, a material impact on the Company’s financial statements.
	Except for rules and interpretive releases of the SEC and a limited number of grandfathered standards, the FASB Accounting Standards Codification ("ASC") is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.
Liquidity Disclosure [Policy Text Block]	'
	GOING CONCERN
	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has negative working capital of $10,315,263 and an accumulated deficit of $55,497,821 as of June 30, 2014 and has reported net losses for the past two fiscal years. The Company expects to continue incurring losses for the foreseeable future and may need to raise additional capital from external sources in order to continue the long-term efforts contemplated under its business plan. These circumstances, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]	'
	Assets measured at fair value are summarized below:
		June 30, 2014
		Level 1		Level 2		Level 3		Total
		Quoted Prices		Significant		Significant
		in Active		Other		Unobservable
		Markets for		Observable		Inputs
		Identical		Inputs
		Assets
	Securities available for sale - Debt securities	$	3,146,334	$	-	$	-	$	3,146,334
	Total assets measured at fair value	$	3,146,334	$	-	$	-	$	3,146,334
		March 31, 2014
		Level 1		Level 2		Level 3		Total
		Quoted Prices		Significant		Significant
		in Active		Other		Unobservable
		Markets for		Observable		Inputs
		Identical		Inputs
		Assets
	Securities available for sale - Debt securities	$	4,662,020	$	-	$	-	$	4,662,020
	Total assets measured at fair value	$	4,662,020	$	-	$	-	$	4,662,020

SECURITIES_AVAILABLE_FOR_SALE_

SECURITIES AVAILABLE FOR SALE (Tables)	3 Months Ended
	Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Available-for-sale Securities [Table Text Block]	'
	Securities available for sale consist of the following:
		June 30, 2014
		Amortized		Unrealized		Unrealized		Market		Average
		Cost		Gains		Losses		Value		Duration (1)
	Corporate bonds	$	494,994	$	17,749	$	-4,260		508,483	4.64
	Corporate notes		998,750		-		-2,450		996,300	3.31
	Variable rate note		1,201,125		6,000		-68,125		1,139,000	Perpetual
	Fixed income mutual fund		502,350		201		-		502,551	N/A
	Total debt securities	$	3,197,219	$	23,950	$	-74,835	$	3,146,334
		March 31, 2014
		Amortized		Unrealized		Unrealized		Market		Average
		Cost		Gains		Losses		Value		Duration (1)
	Corporate bonds	$	1,786,057	$	23,069	$	-26,346		1,782,780	2.56
	Corporate notes		998,750		-		-23,750		975,000	3.56
	Variable rate notes		1,943,785		21,080		-60,625		1,904,240	Perpetual
	Total debt securities	$	4,728,592	$	44,149	$	-110,721	$	4,662,020
	(1) Average remaining duration to maturity, in years
Schedule of Unrealized Loss on Investments [Table Text Block]	'
	The following table shows the gross unrealized losses and fair value of the Company’s investments, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, as of June 30, 2014:
		Less than 1 year				1 Year or More				Total
		Market		Unrealized		Market		Unrealized		Market		Unrealized
		Value		Losses		Value		Losses		Value		Loss
	Corporate bonds	$	46,731	$	-1,074	$	141,490	$	-3,186	$	188,221	$	-4,260
	Corporate notes		-		-		996,300		-2,450		996,300		-2,450
	Corporate high-yield bonds		-		-		930,000		-68,125		930,000		-68,125
	Total debt securities	$	46,731	$	-1,074	$	2,067,790	$	-73,761	$	2,114,521	$	-74,835

INVENTORIES_Tables

INVENTORIES (Tables)	3 Months Ended
	Jun. 30, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
	The components of inventories were as follows:
		June 30,		March 31,
		2014		2014
	Raw materials and supplies	$	42,302	$	43,407
	Finished goods		1,445,582		1,495,349
			1,487,884		1,538,756
	Less: Provision for inventory obsolescence		-976,276		-919,837
		$	511,608	$	618,919

DISCONTINUED_OPERATION_EXCALIB1

DISCONTINUED OPERATION - EXCALIBUR (Tables)	3 Months Ended
	Jun. 30, 2014
Discontinued Operation Excalibur [Abstract]	'
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	'
	The following table provides a summary of balance sheet and statement of operations information for Excalibur , which is consolidated in the Company’s financial statements:
		Excalibur International Marine Corporation
		March 31, 2014				December 31, 2013
		NTD*		USD		NTD*		USD
	Total assets, net		7,218,878		241,517		8,244,403		275,827
	Total liabilities, net		105,645,976		3,534,492		105,326,659		3,523,808
	Net assets		-98,427,098		-3,292,975		-97,082,256		-3,247,981
	48.81% ownership		-48,042,267		-1,607,301		-47,385,849		-1,585,340
Schedule of Realized Gain (Loss) [Table Text Block]	'
		For the three months ended
		March 31, 2014				March 31, 2013
		NTD*		USD		NTD*		USD
	Operating cost		1,105,876		36,802		3,501,025		117,248
	Selling, general and administrative expenses		1,052,135		35,013		1,056,566		35,384
	Interest expense		908,647		30,238		-		-
	Foreign exchange gain/(loss)		-4,025,712		-133,967		-1,395,059		-46,720
	Net income		-959,054		-31,914		3,162,532		105,912
	48.81% ownership		-468,114		-15,577		1,543,632		51,696
	*NTD: New Taiwan Dollar

OTHER_LIABILITIES_Tables

OTHER LIABILITIES (Tables)	3 Months Ended
	Jun. 30, 2014
Other Liabilities and Financial Instruments Subject To Mandatory Redemption [Abstract]	'
Other Liabilities [Table Text Block]	'
	Other liabilities consist of the following:
		June		March
		30, 2014		31, 2014
	Payroll liabilities	$	47,971	$	53,003
	Warranty liabilities		2,255		2,593
	Accrued interest		573		2,867
	Accrued expenses		1,115,803		372,919
	Provision for tax		5,318,302		5,295,033
	Others		2,662		2,658
		$	6,487,566	$	5,729,073

INCOME_TAXES_Tables

INCOME TAXES (Tables)	3 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	'
	The income tax expenses consist of the following:
		Three Months Ended
		June 30,
		2014		2013
	Current:
	Domestic	$	-	$	-
	Foreign		-		-
	Deferred		-		-
	Income tax expenses	$	-	$	-
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	'
	A reconciliation of income taxes, with the amounts computed by applying the statutory federal income tax rate, 37% for the three months ended June 30, 2014 and 2013, to income before income taxes for the three months ended June 30, 2014 and 2013, is as follows:
		Three Months Ended
		June 30,
		2014		2013
	Income tax provision at U.S. statutory rate	$	-197,875	$	-451,930
	Deferred tax valuation allowance		196,402		448,763
	Nondeductible expenses		1,473		3,167
	Income tax expenses	$	-	$	-

COMMITMENTS_Tables

COMMITMENTS (Tables)	3 Months Ended
	Jun. 30, 2014
Schedule Of Future Minimum Lease Payments For Land [Table Text Block]	'
	Year Ending March 31,
	2015		3,865
	2016		3,865
	2017		3,865
	2018		3,865
	2019		3,865
	Thereafter		154,600
Office Space In Hong Kong [Member]	'
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	'
	Future minimum lease payments under the operating lease are as follows:
	Year Ending March 31,
	2015	$	209,034
Office Space In Taiwan [Member]	'
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	'
	Future minimum lease payments under the operating lease are as follows:
	Year Ending March 31,
	2015	$	7,560
Office Space In California [Member]	'
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	'
	Future minimum lease payments under the lease are as follows:
	Year Ending March 31,
	2015	$	75,640
Storage Space In Hong Kong [Member]	'
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	'
	Future minimum lease payments under the operating lease are as follows:
	Year Ending March 31,
	2015	$	5,730

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	The following tables provide the business segment information as of and for the three months ended June 30, 2014 and 2013. Income tax allocations have been determined based on statutory rates in the applicable business segment.
		Three months ended June 30, 2014
		Online		Beverage		Unallocated items		Total
		business		business
	Sales revenues, net	$	297,978	$	-	$	-	$	297,978
	Cost of goods sold		-83,652		-		-		-83,652
	Gross profit/(loss)		214,326		-		-		214,326
	Operating expenses:
	Selling, general and administrative expenses		378,405		59,124		1,304,690		1,742,219
	Provision for inventory obsolescence		56,976		-		-		56,976
	Royalty expenses		21,798		-		-		21,798
	Total operating expenses		457,179		59,124		1,304,690		1,820,993
	Net operating loss		-242,853		-59,124		-1,304,690		-1,606,667
	Other income		102,142		5,342		946,664		1,054,148
	Allocated income tax benefit		-		-		-		-
	Loss after income tax		-140,711		-53,782		-358,026		-552,519
	Total long-lived assets		50,213		984,371		263		1,034,847
	Additions to long-lived assets		387		-		-		387
		Three months ended June 30, 2013
		Online		Beverage		Unallocated items		Total
		business		business
	Sales revenues, net	$	499,440	$	6,582	$	-	$	506,022
	Cost of goods sold		-198,664		-2,593		-		-201,257
	Gross profit/(loss)		300,776		3,989		-		304,765
	Operating expenses:
	Selling, general and administrative expenses		547,906		92,895		811,200		1,452,001
	Provision for inventory obsolescence		149,365		-		-		149,365
	Royalty expenses		43,065		-		-		43,065
	Total operating expenses		740,336		92,895		811,200		1,644,431
	Net operating loss		-439,560		-88,906		-811,200		-1,339,666
	Other income		42,172		1		90,890		133,063
	Allocated income tax benefit		-		-		-		-
	Loss after income tax		-397,388		-88,905		-720,310		-1,206,603
	Total long-lived assets		130,868		1,165,975		23,718		1,320,561
	Additions to long-lived assets		-		-		5,106		5,106

ORGANIZATION_Details_Textual

ORGANIZATION (Details Textual)	3 Months Ended
	Jun. 30, 2014
Organization [Line Items]	'
Entity Incorporation, State Country Name	'Nevada
Entity Incorporation, Date Of Incorporation	19-Mar-92

GOING_CONCERN_Details_Textual

GOING CONCERN (Details Textual) (USD $)	Jun. 30, 2014	Mar. 31, 2014
GOING CONCERN [Line Items]	'	'
Working Capital	$10,315,263	'
Accumulated Deficit	$55,497,821	$54,963,024

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Securities available for sale - Debt securities	$3,146,334	$4,662,020
Total assets measured at fair value	3,146,334	4,662,020
Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Securities available for sale - Debt securities	3,146,334	4,662,020
Total assets measured at fair value	3,146,334	4,662,020
Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Securities available for sale - Debt securities	0	0
Total assets measured at fair value	0	0
Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Securities available for sale - Debt securities	0	0
Total assets measured at fair value	$0	$0

SECURITIES_AVAILABLE_FOR_SALE_1

SECURITIES AVAILABLE FOR SALE (Details) (USD $)	3 Months Ended		12 Months Ended
	Jun. 30, 2014		Mar. 31, 2014
Schedule of Available-for-sale Securities [Line Items]	'		'
Available-for-sale Securities, Amortized Cost	$3,197,219		$4,728,592
Available-for-sale Securities, Unrealized Gains	23,950		44,149
Available-for-sale Securities, Unrealized Losses	-74,835		-110,721
Available-for-sale Securities, Market Value	3,146,334		4,662,020
Corporate Bond Securities [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Available-for-sale Securities, Amortized Cost	494,994		1,786,057
Available-for-sale Securities, Unrealized Gains	17,749		23,069
Available-for-sale Securities, Unrealized Losses	-4,260		-26,346
Available-for-sale Securities, Market Value	508,483		1,782,780
Available For Sale Securities, Average Duration	'4 years 7 months 20 days	[1]	'2 years 6 months 22 days	[1]
Corporate Note Securities [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Available-for-sale Securities, Amortized Cost	998,750		998,750
Available-for-sale Securities, Unrealized Gains	0		0
Available-for-sale Securities, Unrealized Losses	-2,450		-23,750
Available-for-sale Securities, Market Value	996,300		975,000
Available For Sale Securities, Average Duration	'3 years 3 months 22 days	[1]	'3 years 6 months 22 days	[1]
Variable Rate Notes [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Available-for-sale Securities, Amortized Cost	1,201,125		1,943,785
Available-for-sale Securities, Unrealized Gains	6,000		21,080
Available-for-sale Securities, Unrealized Losses	-68,125		-60,625
Available-for-sale Securities, Market Value	1,139,000		1,904,240
Available for sale Securities Perpetual Maturity Period	'Perpetual	[1]	'Perpetual	[1]
Fixed income mutual fund [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Available-for-sale Securities, Amortized Cost	502,350		'
Available-for-sale Securities, Unrealized Gains	201		'
Available-for-sale Securities, Unrealized Losses	0		'
Available-for-sale Securities, Market Value	$502,551		'
[1]	Average remaining duration to maturity, in years

SECURITIES_AVAILABLE_FOR_SALE_2

SECURITIES AVAILABLE FOR SALE (Details 1) (USD $)	3 Months Ended
	Jun. 30, 2014
Schedule of Available-for-sale Securities [Line Items]	'
Available-for-sale Securities, Less than 1 year, Market Value	$46,731
Available-for-sale Securities, Less than 1 year, Unrealized Losses	-1,074
Available-for-sale Securities, 1 Year or More, Market Value	2,067,790
Available-for-sale Securities, 1 year or More, Unrealized Losses	-73,761
Available-for-sale Securities, Market Value	2,114,521
Available-for-sale Securities, Unrealized Losses	-74,835
Corporate Bond Securities [Member]	'
Schedule of Available-for-sale Securities [Line Items]	'
Available-for-sale Securities, Less than 1 year, Market Value	46,731
Available-for-sale Securities, Less than 1 year, Unrealized Losses	-1,074
Available-for-sale Securities, 1 Year or More, Market Value	141,490
Available-for-sale Securities, 1 year or More, Unrealized Losses	-3,186
Available-for-sale Securities, Market Value	188,221
Available-for-sale Securities, Unrealized Losses	-4,260
Corporate Note Securities [Member]	'
Schedule of Available-for-sale Securities [Line Items]	'
Available-for-sale Securities, Less than 1 year, Market Value	0
Available-for-sale Securities, Less than 1 year, Unrealized Losses	0
Available-for-sale Securities, 1 Year or More, Market Value	996,300
Available-for-sale Securities, 1 year or More, Unrealized Losses	-2,450
Available-for-sale Securities, Market Value	996,300
Available-for-sale Securities, Unrealized Losses	-2,450
Corporate High Yield Bonds [Member]	'
Schedule of Available-for-sale Securities [Line Items]	'
Available-for-sale Securities, Less than 1 year, Market Value	0
Available-for-sale Securities, Less than 1 year, Unrealized Losses	0
Available-for-sale Securities, 1 Year or More, Market Value	930,000
Available-for-sale Securities, 1 year or More, Unrealized Losses	-68,125
Available-for-sale Securities, Market Value	930,000
Available-for-sale Securities, Unrealized Losses	($68,125)

SECURITIES_AVAILABLE_FOR_SALE_3

SECURITIES AVAILABLE FOR SALE (Details Textual) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-For-Sale Securities, Gross Realized Gain (Loss)	$16,172	$49,393
Proceeds from Sale and Maturity of Marketable Securities	$2,054,245	'

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Inventory [Line Items]	'	'
Raw material and supplies	$42,302	$43,407
Finished goods	1,445,582	1,495,349
Inventory, Gross	1,487,884	1,538,756
Less: Provision for inventory obsolescence	-976,276	-919,837
Inventory, Net, Total	$511,608	$618,919

LOANS_TO_RELATED_PARTIES_AND_R1

LOANS TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS (Details Textual) (USD $)	3 Months Ended		6 Months Ended	3 Months Ended				3 Months Ended		6 Months Ended	1 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jul. 25, 2008
				Director and President [Member]	Director and President [Member]	EFT Assets Limited [Member]	EFT Assets Limited [Member]	Langham Office Owners [Member]	JFL Capital Limited [Member]	Third Party [Member]	Yeuh Chi Liu [Member]
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Related Party Transaction, Amounts of Transaction	'	'	$500,000	'	'	'	'	'	'	'	$1,567,000
Equity Method Investment, Ownership Percentage	'	'	'	'	'	'	'	'	'	'	3.97%
Related Party Transaction, Description of Transaction	'	'	'The percentage is 5% for the first $30 million in gross sales, 4% for the $10 million in gross sales in excess of $30 million, 3% for the $10 million in gross sales in excess of $40 million; 2% for the $10 million in gross sales in excess of $50 million; and 1% for the $10 million in gross sales in excess of $60 million	'	'	'	'	'The Company rents a 6,500 square foot office space at market rate for its satellite training center in Hong Kong. This office is located at Langham Office Tower, 8 Argyle Street, Suite 3706, Kowloon, Hong Kong SAR. The leased space is owned by a number of persons, including Wendy Qin, a director of EFT (HK) Ltd and the sister of Jack Jie Qin, the Companys president.	'In March 2010, one of the Companys subsidiaries, EFT International Ltd., entered into a consultancy agreement with JFL Capital Limited, a company in which Wendy Qin serves as a director and is one of the principal shareholders. Under this agreement, EFT International Ltd. engaged JFL Capital Limited to provide EFT International Ltd. consultancy services on administration, financial matters, corporate planning and business development commencing from April 1, 2010, and the annual fee will be increased at the rate of $15,000 each year. The agreement may be terminated by either party on three months written notice.	'the Company sublet a portion of the rental office space, approximately 1,230 square feet, to a third party at a market rate in an effort to reduce the Companys costs.	'
Lease Expiration Date	31-Mar-15	'	'	'	'	'	'	'	'	'	'
Future Monthly Rental Expenses	30,900	'	'	'	'	'	'	'	'	'	'
Accrued Royalties	'	'	'	'	'	21,798	43,065	'	'	'	'
Operating Leases, Rent Expense	114,816	141,561	'	77,419	92,784	'	'	'	'	'	'
Consultancy Fee	$93,750	$90,000	'	'	'	'	'	'	'	'	'

DISCONTINUED_OPERATION_EXCALIB2

DISCONTINUED OPERATION - EXCALIBUR (Details)	Jun. 30, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014		Dec. 31, 2013	Dec. 31, 2013
	USD ($)	USD ($)	Excalibur International Marine Corporation [Member]	Excalibur International Marine Corporation [Member]		Excalibur International Marine Corporation [Member]	Excalibur International Marine Corporation [Member]
			USD ($)	TWD		USD ($)	TWD
Discontinued Operation Excalibur [Line Items]	'	'	'	'		'	'
Total assets, net	$9,780,843	$9,959,647	$241,517	7,218,878	[1]	$275,827	8,244,403	[1]
Total liabilities, net	18,438,418	18,128,984	3,534,492	105,645,976	[1]	3,523,808	105,326,659	[1]
Net assets	'	'	-3,292,975	-98,427,098	[1]	-3,247,981	-97,082,256	[1]
48.81% ownership	'	'	($1,607,301)	-48,042,267	[1]	($1,585,340)	-47,385,849	[1]
[1]	NTD: New Taiwan Dollar

DISCONTINUED_OPERATION_EXCALIB3

DISCONTINUED OPERATION - EXCALIBUR (Details 1)	1 Months Ended	3 Months Ended
	Oct. 25, 2008	Jun. 30, 2014	Mar. 31, 2014	Mar. 31, 2014		Jun. 30, 2013	Mar. 31, 2013	Mar. 31, 2013
	USD ($)	USD ($)	USD ($)	TWD		USD ($)	USD ($)	TWD
Discontinued Operation Excalibur [Line Items]	'	'	'	'		'	'	'
Total operating expenses	'	$1,820,993	$36,802	1,105,876	[1]	$1,644,431	$117,248	3,501,025	[1]
Selling, general and administrative expenses	'	1,742,219	35,013	1,052,135	[1]	1,452,001	35,384	1,056,566	[1]
Interest expense	'	31,696	30,238	908,647	[1]	3,159	0	0	[1]
Foreign exchange gain/(loss)	'	-195	-133,967	-4,025,712	[1]	-402	-46,720	-1,395,059	[1]
Net income	'	-520,605	-31,914	-959,054	[1]	-1,241,747	105,912	3,162,532	[1]
48.81% ownership	$19,193,000	'	($15,577)	-468,114	[1]	'	$51,696	1,543,632	[1]
[1]	NTD: New Taiwan Dollar

DISCONTINUED_OPERATION_EXCALIB4

DISCONTINUED OPERATION - EXCALIBUR (Details Textual)

1 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

1 Months Ended

Oct. 25, 2008

Jun. 30, 2014

Mar. 31, 2014

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2013

Mar. 31, 2013

Mar. 31, 2013

Mar. 31, 2011

Dec. 31, 2013

Jun. 30, 2014

Jul. 25, 2008

Oct. 25, 2008

USD ($)

USD ($)

USD ($)

TWD

USD ($)

USD ($)

TWD

USD ($)

USD ($)

Transportation Equipment [Member]

Transportation Equipment [Member]

Yeuh Chi Liu [Member]

Excalibur International Marine Corporation [Member]

USD ($)

USD ($)

Discontinued Operation Excalibur [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity Method Investment, Ownership Percentage

'

'

'

'

'

'

'

'

'

'

'

3.97%

48.81%

Payments to Acquire Equity Method Investments

$19,193,000

'

($15,577)

-468,114

[1]

'

$51,696

1,543,632

[1]

'

'

'

'

'

$19,193,000

Impaired Assets to be Disposed of by Method Other than Sale, Amount of Impairment Loss

'

'

'

'

'

'

'

5,500,000

5,400,000

'

'

'

'

Proceeds from Sale of Property Held-for-sale

'

'

'

'

'

'

'

'

'

1,500,000

'

'

'

Broker Fee

'

'

'

'

'

'

'

'

'

'

3.00%

'

'

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

'

$31,914

'

'

($35,144)

'

'

'

'

'

'

'

'

[1]

NTD: New Taiwan Dollar

INVESTMENT_IN_CTX_VIRTUAL_TECH1

INVESTMENT IN CTX VIRTUAL TECHNOLOGIES (Details Textual) (USD $)	3 Months Ended
	Jun. 30, 2014	Mar. 31, 2014
Investment In Ctx Virtual Technologies [Line Items]	'	'
Common Stock, Shares, Outstanding	75,983,201	75,983,201
Common Stock, Shares Issued	75,983,201	75,983,201
Stock Issued During Period, Shares, New Issues	8,600,000	'
CTX Virtual Technologies Inc [Member]	'	'
Investment In Ctx Virtual Technologies [Line Items]	'	'
Common Stock, Shares Issued	8,558,000	'
Stock Issued During Period, Shares, New Issues	2,000,000	'
Stock Issued During Period, Value, New Issues	1,000,000	'
Fees and Commissions, Other	985,000	'
CTX Virtual Technologies Inc [Member] | Cost-method Investments [Member]	'	'
Investment In Ctx Virtual Technologies [Line Items]	'	'
Common Stock, Shares, Outstanding	10,593,220	'
Investments	5,000,000	'

OTHER_LIABILITIES_Details

OTHER LIABILITIES (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Other Liabilities [Line Items]	'	'
Payroll liabilities	$47,971	$53,003
Warranty liabilities	2,255	2,593
Accrued interest	573	2,867
Accrued expenses	1,115,803	372,919
Provision for tax	5,318,302	5,295,033
Others	2,662	2,658
Other Liabilities, Current, Total	$6,487,566	$5,729,073

CONTINGENT_LIABILITIES_Details

CONTINGENT LIABILITIES (Details Textual)	1 Months Ended	3 Months Ended			12 Months Ended			12 Months Ended		3 Months Ended
	Mar. 22, 2012	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2010	Dec. 31, 2010	Mar. 31, 2014	Dec. 31, 2009	Dec. 31, 2009	Jun. 30, 2014
	CNY	USD ($)	CNY	EUR (€)	USD ($)	CNY	USD ($)	Water Manufacturing Plant [Member]	Water Manufacturing Plant [Member]	Excalibur International Marine Corporation [Member]
								USD ($)	CNY	EUR (€)
Other Commitments [Line Items]	'	'	'	'	'	'	'	'	'	'
Disputed Payment Contingency	'	$2,739,729	'	'	'	'	'	'	'	€ 2,000,000
Purchase Price of Subsidiary	'	21,900,000	'	16,000,000	'	'	'	'	'	'
Manufacturing Costs	'	'	'	'	'	'	'	767,000	4,758,600	'
Payment Of Final Construction	'	'	'	'	112,700	698,896	'	'	'	'
Purported Outstanding Payments	1,912,000	214,000	1,326,916	'	'	'	'	'	'	'
Litigation Interset Rate	'	4.50%	4.50%	4.50%	'	'	'	'	'	'
Litigation Settlement, Amount	'	'	'	2,000,000	'	'	'	'	'	'
Litigation Settlement Interest	'	692,000	'	'	'	'	'	'	'	'
Contingent liabilities	'	$214,019	'	€ 2,000,000	'	'	$213,674	'	'	'

SHORTTERM_LOAN_Details_Textual

SHORT-TERM LOAN (Details Textual) (Directors and Officers Liability Insurance [Member], USD $)	3 Months Ended
	Jun. 30, 2014
Directors and Officers Liability Insurance [Member]	'
Statement [Line Items]	'
Debt Instrument, Periodic Payment	$64,422
Debt Instrument, Interest Rate, Stated Percentage	3.60%
Loans Assumed	$571,200
Debt Instrument, Frequency of Periodic Payment	'nine equal monthly payments

WARRANTS_Details_Textual

WARRANTS (Details Textual) (USD $)	Jun. 30, 2014
Series A Warrants [Member]	'
WARRANTS [Line Items]	'
Class of Warrant or Right, Outstanding	330,665
Class of Warrant or Right, Exercise Price of Warrants or Rights	$1
Series B Warrants [Member]	'
WARRANTS [Line Items]	'
Class of Warrant or Right, Outstanding	330,665
Class of Warrant or Right, Exercise Price of Warrants or Rights	$1.25

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Current:	'	'
Domestic	$0	$0
Foreign	0	0
Deferred	0	0
Income tax expenses	$0	$0

INCOME_TAXES_Details_1

INCOME TAXES (Details 1) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Income Taxes [Line Items]	'	'
Income tax provision at U.S. statutory rate	($197,875)	($451,930)
Deferred tax valuation allowance	196,402	448,763
Nondeductible expenses	1,473	3,167
Income tax expenses	$0	$0

INCOME_TAXES_Details_Textual

INCOME TAXES (Details Textual) (USD $)	3 Months Ended							3 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2010	Mar. 31, 2010	Mar. 31, 2010	Mar. 31, 2010	Mar. 31, 2009	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
			Internal Revenue Service (IRS) [Member]	Internal Revenue Service (IRS) [Member]	Internal Revenue Service (IRS) [Member]	Domestic and CA Tax Authority [Member]	Domestic and CA Tax Authority [Member]	HK SAR [Member]	Subsidiary In Taiwan [Member]	Subsidiary In Mainland China [Member]
				Maximum [Member]	Minimum [Member]
Income Taxes [Line Items]	'	'	'	'	'	'	'	'	'	'
Effective Rate of Income Tax	37.00%	37.00%	'	'	'	'	'	16.50%	'	'
Standard Enterprise Income Tax	'	'	'	'	'	'	'	'	17.00%	25.00%
Consideration for Management Service, Description	'EFT (HK) Ltd provides management service to a BVI subsidiary, and the BVI subsidiary reimburses EFT HK Ltd for its total operating expenses plus 5% mark up, and the income is subject to 16.5% profit tax.	'	'	'	'	'	'	'	'	'
Income Tax Examination, Liability (Refund) Adjustment from Settlement with Taxing Authority	'	'	$12.30	$12.30	$3.60	$0.80	$3	'	'	'

COMMITMENTS_Details

COMMITMENTS (Details) (Principal Executive Office Space [Member], USD $)	Jun. 30, 2014
Principal Executive Office Space [Member]	'
Year Ending March 31,	'
2015	$75,640

COMMITMENTS_Details_1

COMMITMENTS (Details 1) (Office Space In Hong Kong [Member], USD $)	Jun. 30, 2014
Office Space In Hong Kong [Member]	'
Year Ending March 31,	'
2015	$209,034

COMMITMENTS_Details_2

COMMITMENTS (Details 2) (Storage Space [Member], USD $)	Jun. 30, 2014
Storage Space [Member]	'
Year Ending March 31,	'
2015	$5,730

COMMITMENTS_Details_3

COMMITMENTS (Details 3) (Office Space In Taiwan [Member], USD $)	Jun. 30, 2014
Office Space In Taiwan [Member]	'
Year Ending March 31,	'
2015	$7,560

COMMITMENTS_Details_4

COMMITMENTS (Details 4) (Land Lease For Water Factory [Member], USD $)	Jun. 30, 2014
Land Lease For Water Factory [Member]	'
Other Commitments [Line Items]	'
2015	$3,865
2016	3,865
2017	3,865
2018	3,865
2019	3,865
Thereafter	$154,600

COMMITMENTS_Details_Textual

COMMITMENTS (Details Textual) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Other Commitments [Line Items]	'	'
Operating Leases, Rent Expense	$114,816	$141,561
Lease Expiration Date	31-Mar-15	'
Office Space In California [Member]	'	'
Other Commitments [Line Items]	'	'
Periodic Payment Of Rent Second Year	9,455	'
Area of Land	3,367	'
Lease Expiration Date	28-Feb-15	'
Office Space In Hong Kong [Member]	'	'
Other Commitments [Line Items]	'	'
Operating Leases, Rent Expense	23,226	'
Lease Expiration Date	31-Mar-15	'
Storage Space In Hong Kong [Member]	'	'
Other Commitments [Line Items]	'	'
Periodic Payment Of Rent	955	'
Lease Expiration Date	3-Jan-15	'
Land Lease For Water Factory [Member]	'	'
Other Commitments [Line Items]	'	'
Periodic Payment Of Rent	3,865	'
Area of Land	40,000	'
Office Space In Taiwan [Member]	'	'
Other Commitments [Line Items]	'	'
Periodic Payment Of Rent	$1,260	'
Lease Expiration Date	16-Dec-14	'

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details)	3 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Mar. 31, 2014		Jun. 30, 2013	Mar. 31, 2013	Mar. 31, 2013		Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
	USD ($)	USD ($)	TWD		USD ($)	USD ($)	TWD		Online Businesses [Member]	Online Businesses [Member]	Beverage Business [Member]	Beverage Business [Member]	Unallocated items [Member]	Unallocated items [Member]
									USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)
Segment Reporting Information [Line Items]	'	'	'		'	'	'		'	'	'	'	'	'
Sales revenues, net	$297,978	'	'		$506,022	'	'		$297,978	$499,440	$0	$6,582	$0	$0
Cost of goods sold	-83,652	'	'		-201,257	'	'		-83,652	-198,664	0	-2,593	0	0
Gross profit/(loss)	214,326	'	'		304,765	'	'		214,326	300,776	0	3,989	0	0
Operating expenses:	'	'	'		'	'	'		'	'	'	'	'	'
Selling, general and administrative expenses	1,742,219	35,013	1,052,135	[1]	1,452,001	35,384	1,056,566	[1]	378,405	547,906	59,124	92,895	1,304,690	811,200
Provision for inventory obsolescence	56,976	'	'		149,365	'	'		56,976	149,365	0	0	0	0
Royalty expenses	21,798	'	'		43,065	'	'		21,798	43,065	0	0	0	0
Total operating expenses	1,820,993	36,802	1,105,876	[1]	1,644,431	117,248	3,501,025	[1]	457,179	740,336	59,124	92,895	1,304,690	811,200
Net operating loss	-1,606,667	'	'		-1,339,666	'	'		-242,853	-439,560	-59,124	-88,906	-1,304,690	-811,200
Other income	1,054,148	'	'		133,063	'	'		102,142	42,172	5,342	1	946,664	90,890
Allocated income tax benefit	0	'	'		0	'	'		0	0	0	0	0	0
Loss after income tax	-552,519	'	'		-1,206,603	'	'		-140,711	-397,388	-53,782	-88,905	-358,026	-720,310
Total long-lived assets	1,034,847	'	'		1,320,561	'	'		50,213	130,868	984,371	1,165,975	263	23,718
Additions to long-lived assets	$387	'	'		$5,106	'	'		$387	$0	$0	$0	$0	$5,106
[1]	NTD: New Taiwan Dollar

LITIGATION_Details_Textual

LITIGATION (Details Textual)

1 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

Mar. 22, 2012

Aug. 18, 2010

Oct. 25, 2008

Jun. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2013

Dec. 31, 2010

Dec. 31, 2010

Nov. 29, 2013

Aug. 31, 2009

Aug. 20, 2009

Jul. 09, 2009

Jul. 09, 2009

Jun. 30, 2014

Dec. 31, 2009

Dec. 31, 2009

Jun. 30, 2014

Jun. 30, 2014

Oct. 25, 2008

CNY

EUR (€)

USD ($)

USD ($)

CNY

USD ($)

TWD

USD ($)

TWD

USD ($)

CNY

USD ($)

Unpaid Services and Out Of Pocket Expenses [Member]

Unpaid Services and Out Of Pocket Expenses [Member]

Unpaid Services and Out Of Pocket Expenses [Member]

Unpaid Services and Out Of Pocket Expenses [Member]

Unpaid Services and Out Of Pocket Expenses [Member]

Water Manufacturing Plant [Member]

Water Manufacturing Plant [Member]

Excalibur International Marine Corporation [Member]

Excalibur International Marine Corporation [Member]

Excalibur International Marine Corporation [Member]

USD ($)

USD ($)

TWD

USD ($)

CNY

USD ($)

EUR (€)

Loss Contingencies [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity Method Investment, Ownership Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

48.81%

Unpaid Purchase Obligation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,739,726

€ 2,000,000

'

Loss Contingency, Damages Sought, Value

'

2,000,000

'

'

'

'

'

'

'

19,000,000

'

'

'

'

264,000

8,050,832

'

'

'

'

'

'

Loss Contingency, Damages Paid, Value

'

'

'

'

'

'

'

'

'

'

'

'

'

203,402

'

'

'

'

'

'

'

'

Accrued Liabilities

'

'

'

'

'

'

'

'

'

'

'

200,000

'

'

'

'

'

'

'

'

'

'

Manufacturing Costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

767,000

4,758,600

'

'

'

Payment of Final Construction

'

'

'

'

'

'

'

'

'

112,700

698,896

'

'

'

'

'

'

'

'

'

'

'

Purported Outstanding Payments

1,912,000

'

'

214,000

1,326,916

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payments to Acquire Equity Method Investments

'

'

$19,193,000

'

'

($15,577)

-468,114

[1]

$51,696

1,543,632

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss Contingency, Name of Plaintiff

'

'

'

'

'

'

'

'

'

'

'

'

'Marinteknik Shipbuilders (S) Pte Ltd

'

'

'

'

'

'

'

'

'

Loss Contingency, Name of Defendant

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'Excalibur

'

'

'

'

'

[1]

NTD: New Taiwan Dollar

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (Subsequent Event [Member], USD $)	1 Months Ended
	Jul. 03, 2014
Subsequent Event [Line Items]	'
Fees and Commissions	$381,000
CTX Virtual Technologies Inc [Member]	'
Subsequent Event [Line Items]	'
Sale of Stock, Number of Shares Issued in Transaction	784,264