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EARNINGS PER SHARE (EPS) (Tables)
12 Months Ended
Mar. 31, 2013
EARNINGS PER SHARE (EPS)  
Schedule of reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations

 

 

 

March 31,
2013

 

March 31,
 2012

 

Basic EPS

 

 

 

 

 

Net Loss

 

$

(2,411,937

)

$

(2,123,106

)

Weighted average shares

 

19,004,897

 

16,738,213

 

Basic Loss per share

 

$

(0.13

)

$

(0.13

)

Diluted EPS

 

 

 

 

 

Net Loss

 

$

(2,411,937

)

$

(2,123,106

)

Dilutive effect of convertible preferred stock, warrants and stock options

 

 

 

Diluted weighted average shares

 

19,004,897

 

16,738,213

 

Diluted Loss per share

 

$

(0.13

)

$

(0.13

)