8. EARNINGS PER SHARE INFORMATION

6 Months Ended

Sep. 30, 2012

Notes to Financial Statements

EARNINGS PER SHARE INFORMATION

The calculation of the basic earnings per share is based on the following data:

	Three months ended						Six months ended
	September 30, 2012			September 30, 2011			September 30, 2012			September 30, 2011
Net loss from continuing operations	$	(1,034,768	)	$	(18,967,113	)	$	(1,785,082	)	$	(23,295,946	)
Net income from discontinued operations		—			(123,902,102	)		—			(115,248,057	)
Basic weighted-average common shares outstanding		55,787,554			55,787,554			55,787,554			55,787,554
Basic loss per common share from continuing operations	$	(0.02	)	$	(0.34	)	$	(0.03	)	$	(0.42	)
Basic income per common share from discontinued operations	$	—		$	(2.22	)	$	—		$	(2.07	)
Total basic income per common share	$	(0.02	)	$	(2.56	)	$	(0.03	)	$	(2.48	)

As of September 30, 2012 and 2011, there were no options, warrants, or restricted stock grants outstanding.