Common and Preferred Stock

12 Months Ended

Mar. 31, 2013

Common and Preferred Stock

Common and Preferred Stock

Note 10 Common and Preferred Stock

The Company has authorized total shares of sixty million shares of which fifty million shares are authorized common stock.   Ten million shares are authorized preferred stock, none of which is issued or outstanding. Under the terms of the Company’s Amended and Restated Articles of Incorporation, the Board of Directors is authorized to determine or alter the rights, preferences, privileges and restrictions of the Company’s authorized but unissued shares of preferred stock.