INCOME TAXES (Tables)

6 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The income tax expenses consist of the following:

	Six Months Ended
	September 30,
	2014		2013
Current:
Domestic	$	-	$	57
Foreign		-		-
Under/(over) provision for prior years		1,872		(8,790)
Income tax expenses	$	1,872	$	(8,733)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of income taxes, with the amounts computed by applying the statutory federal income tax rate, 37% for the six months ended September 30, 2014 and 2013, to income before income taxes for the six months ended September 30, 2014 and 2013, is as follows:

	Six Months Ended
	September 30,
	2014		2013
Income tax provision at U.S. statutory rate	$	(85,525)	(946,396)
State tax			57
Deferred tax valuation allowance		83,225	941,303
Nondeductible expenses		2,300	5,093
Under/(over) provision for prior years		1,872	(8,790)
Income tax expenses	$	1,872	(8,733)