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EARNINGS PER SHARE INFORMATION

9 Months Ended

Dec. 31, 2011

The calculation of the basic earnings per share is based on the following data:

	Three months ended						Nine months ended
	December 31, 2011			December 31, 2010			December 31, 2011			December 31, 2010

Net loss from continuing operations	$	(304,217	)	$	(4,020,606	)	$	(150,747,934	)	$	(10,936,606	)
Net income from discontinued operations		—			5,383,922			11,899,714		$	12,615,370

Basic weighted-average common shares outstanding		55,787,554			53,685,060			55,787,554			52,465,539

Basic loss per common share from continuing operations	$	(0.01	)	$	(0.07	)	$	(2.70	)	$	(0.21	)

Basic income per common share from discontinued operations	$	—		$	0.10		$	0.21		$	0.24

Total basic income per common share	$	(0.01	)	$	0.03		$	(2.49	)	$	0.03

Options, warrants, and restricted stock grants were not included in the calculation of earnings per common share for the periods ended December 31, 2010, as the effect of their inclusion would be anti-dilutive.

The table below provides total potential shares outstanding, including those that are anti-dilutive, at each balance sheet date:

	December 31, 2011	December 31, 2010
Shares issuable under common stock warrants associated with the convertible notes payable	-	30,700,000
Shares issuable under stock options	-	100,000