INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The benefit for income taxes from continuing operations consists of the following for the years ended March 31, 2013 and 2012:

	2013			2012
Current	$	—		$	—
Deferred		(2,707.000	)		1,212,000
Total		(2,707.000	)		1,212,000
Change in Valuation Allowance		2,707,000			(1,212,000	)
Tax Benefit, net	$	—		$	—

Schedule of Deferred Tax Assets

The benefit for income taxes from continuing operations consists of the following for the years ended March 31, 2013 and 2012:

	2013			2012
Current	$	—		$	—
Deferred		(2,707.000	)		1,212,000
Total		(2,707.000	)		1,212,000
Change in Valuation Allowance		2,707,000			(1,212,000	)
Tax Benefit, net	$	—		$	—

Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles our losses from continuing operations before income taxes for the years ended March 31, 2013 and 2012.

			2013			2012
Net (Loss)			$	(7,195,000	)	$	(4,915,000	)
Permanent Differences:
Non-Cash Interest				—			1,000
Meals and Entertainment				2,000			4,000
			$	(7,193,000	)	$	(4,910,000	)
Federal Statutory Rate	34.00	%	$	(2,446,000	)	$	(1,671,000	)
State Income Tax, net of Federal Tax	3.63	%		(261,000	)		(178,000	)
Permanent Differences	37.63	%		—			3,060,000
Change in Valuation Allowance				2,707,000			(1,211,000	)
Expected Tax Benefit			$	—		$	—