NOTE 3 - INCOME TAXES

12 Months Ended

Mar. 31, 2012

Income Tax Disclosure [Text Block]

NOTE 3 – INCOME TAXES

At March 31, 2012 and 2011, the Company had net deferred tax assets of approximately $2,238,000 and $2,151,000 principally arising from net operating loss carryforwards for income tax purposes. As management of the Company cannot determine that it is more likely than not that the Company will realize the benefit of the net deferred tax asset, a valuation allowance equal to the net deferred tax asset has been established at March 31, 2012 and 2011. At March 31, 2012 and 2011, the Company has net operating loss carry forwards totaling approximately $6,580,000 which will begin to expire in the year 2015.