Related Party Transaction

12 Months Ended

Mar. 31, 2013

Related Party Transaction

Related Party Transaction

9. Related Party Transaction

We paid consulting fees of $76,480 and $82,002 to an entity owned by one of our directors in fiscal years 2013 and 2012, respectively. We paid consulting fees of $77,072 and $35,606 to another director, or an entity owned by the director, in fiscal years 2013 and 2012, respectively.

We have an employment agreement with Roger C. Odell, an employee. The employment agreement began January 17, 2013 and continues until January 16, 2016. We have accrued a liability for the employment agreement of $123,980 and $118,337 at March 31, 2013 and 2012, respectively.