v2.4.0.6

Note 9. Earnings Per Share Reconciliation | 12 Months Ended
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Mar. 31, 2012
Earnings Per Share [Text Block] | 9. EARNINGS PER SHARE RECONCILIATION The following is a reconciliation between basic earnings per share ("EPS") and diluted earnings per share for the year ended March 31, 2012:
|  | For the Year Ended March 31, 2012 |
|  |  |  |  | Weighted Average |  |  | Earnings |
|  | Income (loss) |  |  | Number of Shares |  |  | per Share |
|  | (Numerator) |  |  | (Denominator) |  |  | Amount |
Basic EPS |  | $ | 5,039,845 |  |  |  | 55,783,597 |  |  | $ | 0.09 |
Effect of Dilutive Securities: |  |  |  |  |  |  |  |  |  |  |  |
Options |  |  | - |  |  |  | 439,215 |  |  |  | 0.00 |
October 2009 Convertible Debt |  |  | (3,024,501 | ) |  |  | 6,002,066 |  |  |  | (0.06 | )
March 2010 Convertible Debt |  |  | (1,668,351 | ) |  |  | 3,500,000 |  |  |  | (0.02 | )
Diluted EPS |  |  |  |  |  |  |  |  |  |  |  |
Net income + assumed conversions |  | $ | 346,993 |  |  |  | 65,724,878 |  |  | $ | 0.01 |
Options to purchase 20,000 shares of common stock at $2.00 per share and 100,000 shares of common stock at $0.50 per share were outstanding during the year ended March 31, 2012 but were not included in the computation of diluted EPS because the options’ exercise price was greater than the average market price of the common shares.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration