EARNINGS PER SHARE (EPS) (Tables)

3 Months Ended

Jun. 30, 2012

EARNINGS PER SHARE (EPS)

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

	June 30,2012			June 30, 2011
Basic EPS
Net (loss) income	$	(706,161	)	$	381,461
Weighted average shares	18,394,577			15,473,293
Basic (loss) income per share	$	(0.04	)	$	0.02
Diluted EPS
Net (loss) income	$	(706,161	)	$	381,461
Dilutive effect of convertible preferred stock, warrants and stock options	—			8,672,203
Diluted weighted average shares	18,394,577			24,153,986
Diluted (loss) income per share	$	(0.04	)	$	0.01