OTHER COMPREHENSIVE INCOME

3 Months Ended

Jun. 30, 2011

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME

NOTE 15 - OTHER COMPREHENSIVE INCOME

Comprehensive income (loss) consists of reported net income and other comprehensive income (loss), which reflects revenues, expenses and gains and losses that U.S. GAAP excludes from net income.  For the Company, the items excluded from current net income were fair value adjustments on interest rate swaps of $121,983 (net of tax $82,241) and foreign currency translations adjustments of $4,259.  There were no amounts reclassified into earnings during the periods presented.  Comprehensive income for the three months ended June 30, 2011 and 2010 includes the following components:

	June 30, 2011			June 30, 2010
Net income	$	381,461		$	819,322
Other comprehensive income (loss):
Currency translation adjustment		3,837			--
Interest rate swaps		(127,466	)		--
Total other comprehensive income (loss)		(123,629	)		--
Consolidated comprehensive income (loss), net of tax	$	257,832		$	819,322

Accumulated other comprehensive (loss) income, net of tax of $82,241 as of March 31, 2011 and June 30, 2011 is as follows:

	Totals			Translation		Interest Rate Swaps
				Adjustments
Balance at March 31, 2011	$	5,905		$	422	$	5,483
Change during the period		(123,629	)		3,837		(127,466	)
Outstanding at June 30, 2011	$	(117,724	)	$	4,259	$	(121,983	)