8. EARNINGS PER SHARE INFORMATION

12 Months Ended

Mar. 31, 2013

Notes to Financial Statements

EARNINGS PER SHARE INFORMATION

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

	Year ended
	March 31, 2013			March 31, 2012
Net loss from continuing operations	$	(3,088,865	)	$	(23,968,164	)
Net loss from discontinued operations		—			(115,248,057	)
Basic weighted-average common shares outstanding		55,787,554			55,787,554
Basic loss per common share from continuing operations	$	(0.06	)	$	(0.43	)
Basic loss per common share from discontinued operations	$	—		$	(2.07	)
Total basic loss per common share	$	(0.06	)	$	(2.50	)

As of March 31, 2013 and 2012, there were no options, warrants, or restricted stock grants outstanding.