Shareholders' Equity

6 Months Ended

Sep. 30, 2012

Shareholders' Equity [Abstract]

SHAREHOLDERS' EQUITY

NOTE 4 — SHAREHOLDERS’ EQUITY

Outstanding capital stock at September 30, 2012 consisted of common stock and Series A preferred stock. The Series A 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 September 30, 2012, the Company had approximately 50,000 options outstanding and exercisable with exercise prices ranging from $3.07 to $3.19.