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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Mar. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Schedule of Major Customer Concentrations


               

 

 

For the Years Ended

 

 

March 31,

 

2013

 

2012 

Customer A

$

       805,350

27%

 

$

       229,992

10%

 

 

 

 

 

 

 

 


Customers with accounts receivable greater than 10% of total accounts receivable at March 31, 2013 and March 31, 2012, were as follows:


               

 

 

For the Years Ended

 

 

March 31,

 

2013

 

2012 

Customer A

$

         15,090

13%

 

$

         13,728

4%

Customer B

 

         19,845

17%

 

 

       207,719

57%

Customer C

 

         26,724

22%

 

 

-

-

 

 

 

 

 

 

 

 

Schedule of Financial Instruments Measured at Fair Value

 

Fair Value Measurements at March 31, 2013

 

Liabilities

Level 1

 

Level 2

 

Level 3

Gain/(loss)

 

 

 

 

 

 

 

Derivative Liabilities *

$             -

 

$             -

 

$      -

($78,408)

 

$             -

 

$             -

 

$      -

($78,408)


*The derivative liability ended on January 14, 2013 when the promissory note was repaid in full.


The following table presents assets and liabilities that are measured and recognized at fair value as of March 31, 2012 on a non-recurring basis:


               

 

Fair Value Measurements at March 31, 2012

 

Liabilities

Level 1

 

Level 2

 

Level 3

Gain/(loss)

 

 

 

 

 

 

 

Goodwill

$             -

 

$             -

 

$      -

($202,688)

 

$             -

 

$             -

 

$      -

($202,688)

Schedule of Deferred Tax Assets and Liabilities

 

                           March 31,

 

                                 2013

                                 2012

Deferred Tax Assets

 

 

NOL carryover

 $        4,934,039

 $        5,254,964

Deferred revenue

                 32,665

                 45,752

Accrued expenses

                 12,172

                 25,944

Idaho ITC

9,716

10,558

Allowance for Bad Debt

                       1,041

                       1,874

Gross deferred tax assets

        4,989,633  

        5,339,092  

Valuation allowance

          (4,968,748)

          (5,319,531)

Net deferred tax asset

  $            20,885  

  $            19,561  

 

 

 

Deferred Tax Liabilities

         

         

Accumulated depreciation

     $         (20,885)

     $         (94,555)

Other

-

          -

Gross deferred tax liabilities

  $         (20,885)

  $         (94,555)


     

Net deferred tax assets (liabilities)

  $                     -  

  $                     -  

Schedule of Income Tax Reconciliation

 

                    March 31,

 

                                  2013

          2012

Book income

 $       (225,238)

 $       (668,615)

State taxes

(33,124)

(98,329)

Stock for services/expense

0

5,758

Penalties/dues

                   0

                   3,287

Options expense

               32,253

               95,018

Goodwill

0

79,048

Other

797

896

NOL utilization

  -  

  -  

Valuation allowance

225,312                

               582,937

 

  $                     -    

  $                     -    

Schedule Of Earnings Per Share

 

 

 

 

 

 

 

For the Years Ended

 

March 31,

 

2013

 

2012

Basic loss per share from operations:

 

 

 

 

 

Net loss

$

     (662,465)

 

$

    (1,966,526)

 

 

 

 

 

 

Weighted average number of

 

 

 

 

 

shares outstanding

 

    47,264,151

 

 

    43,588,970

Basic loss per share

$

             (0.01)

 

$

             (0.05)