<table><tbody><tr style="vertical-align: top; text-align: justify">
<td style="width: 4%; text-align: right">&nbsp;</td><td style="width: 3%"></td><td style="text-align: justify; width: 93%">Total unrecognized compensation
cost related to unvested stock awards at March 31, 2012 amounted to $504,490 and is expected to be recognized over a weighted
average period of 2.06 years. Total compensation cost for the stock awards amounted to $266,580 and $347,719 for the years ended
March 31, 2012 and 2011, respectively.</td>
</tr></tbody></table>
<table><tbody><tr>
<td> </td><td></td><td>Total unrecognized compensation
cost related to unvested stock awards at March 31, 2012 amounted to $504,490 and is expected to be recognized over a weighted
average period of 2.06 years. Total compensation cost for the stock awards amounted to $266,580 and $347,719 for the years ended
March 31, 2012 and 2011, respectively.</td>
</tr></tbody></table>