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EARNINGS PER SHARE (EPS) (Tables)

12 Months Ended

Mar. 31, 2014

EARNINGS PER SHARE (EPS)

Schedule of reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations

		March 31, 2014			March 31,  2013
Basic EPS
Net Loss		$	(7,095,391	)	$	(2,411,937	)
Weighted average shares		20,766,914			19,004,897
Basic Loss per share		$	(0.34	)	$	(0.13	)
Diluted EPS
Net Loss		$	(7,095,391	)	$	(2,411,937	)
Dilutive effect of convertible preferred stock, warrants and stock options		—			—
Diluted weighted average shares		20,766,914			19,004,897
Diluted Loss per share		$	(0.34	)	$	(0.13	)

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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