COMMITMENTS AND CONTINGENCIES

12 Months Ended

Mar. 31, 2012

Commitments And Contingencies

COMMITMENTS AND CONTINGENCIES

NOTE 10: COMMITMENTS AND CONTINGENCIES

In addition to the matters described in Note 8, the Company may become involved in or subject to, routine litigation, claims, disputes, proceedings and investigations in the ordinary course of business, which in our opinion will not have a material adverse effect on our financial condition, cash flows or results of operations.

Office Lease

In April 2011, the Company leased approximately 2,400 square feet of office space in San Diego, California. The term of the lease is three years. The rents for each of the remaining two years are $64,948 and $55,283, respectively. There are no options to extend the lease term. Total rent expense was $71,050 and $30,805 for the years ended March 31, 2012 and 2011, respectively.