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Note 7. Stock Options
3 Months Ended
Jun. 30, 2010
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]
Note 7                     Stock Options

The Company adopted the FASB ASC 718, utilizing the modified prospective method. FASB ASC 718 requires the measurement of stock-based compensation based on the fair value of the award on the date of grant. Under the modified prospective method, the provisions of ASC 718 apply to all awards granted after the date of adoption. The Company recognizes compensation cost on awards on a straight-line basis over the vesting period, typically four years. As a result of adopting ASC 718, operations was charged $24,231 and $23,665 for three months ended June 30, 2011 and 2010, respectively. The Company estimates the fair value of each option using the Black Scholes option-pricing model with the following weighted-average assumptions: expected dividend yield of 0.0%, risk-free interest rate of 1.98% to 2.31%, volatility at 40.74% to 40.76% of the Company’s stock, and an expected life of 5 years for options granted for the three months ended June 30, 2010. The Company did not grant any stock options for the three months ended June 30, 2011.  The Company estimates forfeiture rate based on historical data. Based on an analysis of historical information, the Company has applied a forfeiture rate of 8%.