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Property and Equipment
12 Months Ended
Mar. 31, 2012
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
(3) Property and Equipment

 

Property and equipment consists of the following at March 31, 2012 and 2011:

 

                Estimated  
    2012     2011     useful life  
Equipment   $ 196,736     $ 212,622     5 years  
Computer software     150,876       145,120     3 - 10 years  
Furniture and fixtures     19,602       19,602     5 - 10 years  
Assets under capital leases           56,220     5 years  
Leasehold improvements     9,807       9,807     Life of lease  
      377,021       443,371        
Less accumulated depreciation     265,521       310,561        
    $ 111,500     $ 132,810        

 

Depreciation and amortization expense for the years ended March 31, 2012 and 2011 amounted to $59,617 and $91,224, respectively.