Quarterly report pursuant to Section 13 or 15(d)

8. EARNINGS PER SHARE INFORMATION (Tables)

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8. EARNINGS PER SHARE INFORMATION (Tables)
 3 Months Ended
Jun. 30, 2012
Earnings Per Share Information Tables  
Calculation Of The Basic Earnings Per Share

 

    Three months ended
    June 30, 2012     June 30, 2011
           
Net loss from continuing operations $          (750,314)   $      (4,328,833)
           
Net income from discontinued operations   -     8,654,065
           
Basic weighted-average common shares outstanding   55,787,554     55,787,554
           
    Basic loss per common share from continuing operations $              (0.01)   $            (0.08)
           
        Basic income per common share from discontinued operations $                      -   $              0.16
           
Total basic income per common share $              (0.01)   $               0.08

Total Potential Shares Outstanding Including Antidilutive

  June 30, 2012   June 30, 2011
Shares issuable under common stock warrants associated with the convertible notes payable -   30,700,000