INVESTMENT IN EQUITY SECURITIES
12 Months Ended
Mar. 31, 2012
INVESTMENT IN EQUITY SECURITIES [Text Block]

NOTE 4 – INVESTMENT IN EQUITY SECURITIES

Investments in equity securities ( 150,000 shares of a publicly traded geothermal corporation) activities consisted of the following:

    Amount  
Available-for-sale equity securities:      
Cost basis $ 88,515  
Net unrealized gains   108,990  
Foreign exchange losses   (19,019 )
Fair value at March 31, 2011   178,486  
       
Net unrealized losses   (81,883 )
Foreign exchange losses   (4,106 )
Fair value at March 31, 2012 $ 92,497