INVESTMENT IN EQUITY SECURITIES
3 Months Ended
Jun. 30, 2012
INVESTMENT IN EQUITY SECURITIES [Text Block]

NOTE 4 – INVESTMENT IN EQUITY SECURITIES

Investments in equity securities ( 150,000 shares of Alterra Power Corp, a publicly traded renewable energy company) activities consisted of the following:

    Amount  
Available-for-sale equity securities:      
Cost basis $ 88,515  
Net unrealized gains   27,107  
Foreign exchange losses   (23,125 )
Fair value at March 31, 2012   92,497  
       
Net unrealized losses   (24,261 )
Foreign exchange losses   (735 )
Fair value at June 30, 2012 $ 67,501