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Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Mar. 31, 2013
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

Year Ended March 31, 2013

Year Ended March 31, 2012

Expected federal tax rate

34.0%

34.0%

State income taxes, net of federal tax benefit

5.5%

-9.8%

Non-deductible expenses

-6.7%

-1.0%

Federal R&D tax credits, net

0.4%

0.8%

Expired federal operating loss carry forward

0.0%

0.0%

Adjustment of prior year excess tax benefit

-11.5%

-12.2%

Change in valuation allowance

-21.7%

-11.8%

 

0.0%

0.0%