5. EARNINGS PER SHARE INFORMATION

9 Months Ended

Dec. 31, 2013

Notes to Financial Statements

EARNINGS PER SHARE INFORMATION

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

	Three months ended						Nine months ended
	December 31, 2013			December 31, 2012			December 31, 2013			December 31, 2012
Net loss	$	(389,520	)	$	(781,394	)	$	(1,536,733	)	$	(2,566,476	)
Basic weighted-average common shares outstanding		55,787,554			55,787,554			55,787,554			55,787,554
Basic loss per common share	$	(0.01	)	$	(0.01	)	$	(0.03	)	$	(0.05	)

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