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<td style="width: 7%; text-align: right">(o)</td><td style="width: 7%"></td><td style="text-align: justify; width: 86%"><u>Accounting for Share Based Compensation</u></td>
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<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
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<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">In accordance with FASB guidance,
the Company measures all employee share based compensation awards using a fair value method and records the related expense in
the financial statements over the period during which an employee is required to provide service in exchange for the award. Excess
tax benefits, as defined by FASB guidance, are realized from the exercise of stock options and are reported as a financing cash
inflow rather than as a reduction of taxes paid in cash flow from operations. For each award that has a graded vesting schedule,
the Company recognizes compensation cost on a straight-line basis over the requisite service period for the entire award. Share
based employee compensation expense for the years ended March 31, 2012 and 2011 was $444,276 and $495,799 respectively.</td></tr>
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<table><tbody><tr>
<td>(o)</td><td></td><td><u>Accounting for Share Based Compensation</u></td>
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<td> </td><td> </td><td> </td></tr>
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<td> </td><td> </td><td>In accordance with FASB guidance,
the Company measures all employee share based compensation awards using a fair value method and records the related expense in
the financial statements over the period during which an employee is required to provide service in exchange for the award. Excess
tax benefits, as defined by FASB guidance, are realized from the exercise of stock options and are reported as a financing cash
inflow rather than as a reduction of taxes paid in cash flow from operations. For each award that has a graded vesting schedule,
the Company recognizes compensation cost on a straight-line basis over the requisite service period for the entire award. Share
based employee compensation expense for the years ended March 31, 2012 and 2011 was $444,276 and $495,799 respectively.</td></tr>
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