3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Dec. 31, 2012

Note 3. Summary Of Significant Accounting Policies

INCOME (LOSS) PER COMMON SHARE

The basic and diluted income per share for the three month period ended December 31, 2012 is as follows:

Net income	$313,944
Basic income per share	$0.00
Diluted income per share	$0.00
Weighted average number of
common shares outstanding	158,759,162
Diluted average number of
common shares outstanding	294,265,098

Research and development expenses

We incurred research and development expenses during the three and nine month periods ended December 31, 2012 and 2011, which are included in various operating expense line items in the accompanying condensed consolidated statements of operations. Our research and development expenses in those periods were as follows:

	December 31,		December 31,
	2012		2011
Three months ended	$	371,212	$	536,079
Nine months ended	$	1,034,294	$	864,443