Shareholders' Equity

3 Months Ended

Jun. 30, 2012

Shareholders' Equity [Abstract]

SHAREHOLDERS' EQUITY

NOTE 4 — SHAREHOLDERS’ EQUITY

Outstanding capital stock at June 30, 2012 consisted of common stock and Series A convertible preferred stock. The Series A convertible preferred stock is non-voting, has no dividend preferences and has not been convertible since March 31, 2002; however, it retains a liquidation preference.

At June 30, 2012, the Company had approximately 50,000 options outstanding with exercise prices ranging from $3.07 to $3.19.