The following table sets forth certain information regarding our Executive Officers’ compensation earned for fiscal years ending March 31, 2006, 2005 and 2004: SUMMARY COMPENSATION TABLE | | ANNUAL COMPENSATION | | Name & Principal Position | Year | Salary ($) | Other
Annual
Bonus | Restricted
Compen sation ($) | Options
Stock
Awards | LTIP
SARs
(#) | Payouts
($) | All Other
Compen sation ($) | Robert C. Russell,
President | 2006 2005 2004 | 240,000(1) 150,000(2) 120,000 | 0 0 300,000 | 0 0 0 | 0 0 0 | 0 0 0 | 0 0 0 | 0 430,000(3) 0 | | Marcia A. Pearlstein Secretary, Interim CFO | 2006 2005 2004 | 60,000(4) 60,000(5) 12,000 | 0 4,000 9,000 | 0 0 0 | 0 0 0 | 0 0 0 | 0 0 0 | 0 86,000(6) 0 | Igor Loginov,
Chief Technology Officer | 2006 2005 2004 | 0 0 0 | 0 0 0 | 0 0 9,000 | 0 0 0 | 0 0 0 | 0 0 0 | 0 0 0 | Paul La Barre,
Chief Operation Officer | 2006* | 30,000(7) | 0 | 0 | 0 | 0 | 0 | 192,000(8) |
| · | Mr. La Barre was appointed September 12, 2005 |
| (1) | $21,715 of this amount has been paid, the remainder has been accrued. |
| (2) | $110,000 of this amount has been paid, the remainder has been accrued. |
| (3) | On February 10, 2005, Mr. Russell received a signing bonus of 1,000,000 shares of Series A Convertible Preferred Stock. These shares were valued at $.43 per share. |
| (4) | $10,750 of this amount has been paid, the remainder has been accrued. |
| (5) | Payable in common stock, valued at $.001 per share. |
| (6) | On February 10, 2005, Ms. Pearlstein received a signing bonus of 200,000 shares of Series A Convertible Preferred Stock. These shares were valued at $.43 per share. |
| (7) | This amount has been accrued but not paid. |
| (8) | On September 12, 2005, Mr. La Barre received 800,000 shares of Series A Convertible Preferred Stock. These shares were valued at $.24 per share. |
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