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3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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Dec. 31, 2012
Note 3. Summary Of Significant Accounting Policies |
INCOME (LOSS) PER COMMON SHARE | The basic and diluted income per share for the three month period ended December 31, 2012 is as follows:
Net income | $313,944
Basic income per share | $0.00
Diluted income per share | $0.00
Weighted average number of |
common shares outstanding | 158,759,162
Diluted average number of |
common shares outstanding | 294,265,098
Research and development expenses | We incurred research and development expenses during the three and nine month periods ended December 31, 2012 and 2011, which are included in various operating expense line items in the accompanying condensed consolidated statements of operations. Our research and development expenses in those periods were as follows:
|  | December 31, |  |  | December 31, |
|  | 2012 |  |  | 2011 |
Three months ended |  | $ | 371,212 |  |  | $ | 536,079 |
Nine months ended |  | $ | 1,034,294 |  |  | $ | 864,443 |

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- Definition Tabular disclosure of the reconciliation of basic net earnings per share (or unit) to diluted earnings per share (or unit). + 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 + Details
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