Shareholders' Equity

9 Months Ended

Dec. 31, 2011

Comprehensive Income/Shareholders' Equity [Abstract]

SHAREHOLDERS' EQUITY

NOTE 4 — SHAREHOLDERS’ EQUITY

Outstanding capital stock at December 31, 2011 consisted of common stock and Series A convertible preferred stock. The Series A convertible preferred stock is non-voting, has no dividend preferences and has not been convertible since March 31, 2002; however, it retains a liquidation preference.

At December 31, 2011, the Company had approximately 50,000 options outstanding and exercisable with exercise prices ranging from $3.07 to $3.19.