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EARNINGS PER SHARE (EPS) (Tables)
 3 Months Ended
Jun. 30, 2014
EARNINGS PER SHARE (EPS)  
Schedule of reconciliation of the numerators and denominators reflected in the basic and diluted loss per share computations

                                                                                                                                                                                                                                           

 

 

 

Three Months
ended
June 30, 2014

 

Three Months
ended
June 30, 2013

 

Basic EPS

 

 

 

 

 

Net Loss

 

$

(1,271,069

)

$

(1,423,905

)

Weighted average number of shares outstanding

 

24,010,264

 

19,956,871

 

Basic loss per share

 

$

(0.05

)

$

(0.07

)

Diluted EPS

 

 

 

 

 

Net Loss

 

$

(1,271,069

)

$

(1,423,905

)

Dilutive effect of stock options and preferred stock

 

—

 

—

 

Diluted weighted average shares

 

24,010,264

 

19,956,871

 

Diluted loss per share

 

$

(0.05

)

$

(0.07

)