Discontinued Operations

12 Months Ended

Mar. 31, 2012

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

(2) Discontinued Operations

On March 31, 2011, the Company sold certain assets of ITG’s operations in the Upstate Region for a purchase price of $650,000, consisting of $200,000 in cash and a thirty-month note receivable in the amount of $450,000. In addition, the Company released ITG’s former President from his non-competition agreement for a sum of $100,000 in cash. A gain on the sale of the Upstate Region and the release of the non-competition agreement of $290,703, net of tax, was recorded for the year ended March 31, 2011. Due to the Company’s available tax loss carryforwards, there was no resulting tax liability to be paid on the transaction.

Accordingly, the operating results and cash flows of the Upstate Region have been segregated and have been classified as discontinued operations in all periods presented.