Quarterly report pursuant to Section 13 or 15(d)

8. EARNINGS PER SHARE INFORMATION (Details)

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8. EARNINGS PER SHARE INFORMATION (Details) (USD $)
3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
EARNINGS PER SHARE INFORMATION    
Net loss from continuing operations $ (750,314) $ (4,328,833)
Net income from discontinued operations $ 0 $ 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 $ 0.16
Total basic income per common share $ (0.01) $ 0.08