Quarterly report pursuant to Section 13 or 15(d)

2. Liquidity and Financial Condition (Details Narrative)

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2. Liquidity and Financial Condition (Details Narrative) (USD $)
 3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Apr. 22, 2012
Mar. 31, 2012
Liquidity And Financial Condition Details Narrative        
Net income $ 445,000 $ (2,175,000)    
Accumulated deficit 131,869,000      
Working capital 3,086,000      
Common stock issued to investors     2,360,001  
Issue of Series A 0% Convertible Preferred Stock      1,000   
Issue of warrants to purchase common stock     3,471,112  
Common stock issuable upon conversion of the Series A Preferred Stock     1,111,111  
Exercise price of warrants $ 1.18      
Warrants exercise term 2 years 6 months      
Gross proceeds from the sale of securities 3,124,000      
Net proceeds from the sale of securities 2,832,000      
Placement agent commissions $ 218,680      
Shares to be converted to common stock 1,000