Condensed Consolidated Balance Sheets (USD $)	Jun. 30, 2012	Mar. 31, 2012
Current Assets
Cash and cash equivalents	$ 4,220,065	$ 4,537,713
Deposit with clearing organization, restricted	175,000	175,000
Accounts receivable	4,870,358	4,525,157
Loans receivable from registered representatives (current), net of allowance	620,558	654,560
Prepaid income taxes	217,173	137,658
Securities owned at fair value	223,700	235,454
Prepaid expenses	705,161	674,780
Total current assets	11,032,015	10,940,322
Property and equipment, net	279,708	340,007
Long Term Investments
Loans receivable from registered representatives	948,312	1,002,621
Non-qualified deferred compensation investment	1,397,451	1,327,806
Cash surrender value life insurance policies	150,775	157,991
Total long term investments	2,496,538	2,488,418
Other Assets
Deferred tax asset, net	1,283,155	1,550,010
Capitalized software, net	152,221	172,240
Total other assets	1,435,376	1,722,250
TOTAL ASSETS	15,243,637	15,490,997
Current Liabilities
Accounts payable	835,989	820,540
Accrued expenses	1,487,257	1,408,324
Commissions payable	2,750,427	2,787,467
Notes payable	932,425	1,605,688
Unearned revenues	138,276	146,198
Securities sold, not yet purchased at fair value	11,705	8,186
Total current liabilities	6,156,079	6,776,403
Long-Term Liabilities
Non-qualified deferred compensation plan	1,526,464	1,458,169
Total Long-Term Liabilities	1,526,464	1,458,169
Total liabilities	7,682,543	8,234,572
Stockholders' Equity:
Common stock, $.01 par value, 10,000,000 shares authorized; 6,684,823 issued and 6,680,938 outstanding at June 30, 2012; 6,689,009 issued and 6,685,124 outstanding at March 31, 2012	66,848	66,890
Additional paid-in capital	12,468,742	12,425,713
Accumulated deficit	(4,944,361)	(5,206,043)
Less: Treasury stock, 3,885 shares at cost	(30,135)	(30,135)
Total stockholders' equity	7,561,094	7,256,425
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 15,243,637	$ 15,490,997