Mortgage Notes Payable Disclosure	12 Months Ended
Mar. 31, 2013
Notes
Mortgage Notes Payable Disclosure	H. Promissory Note On July 7, 2011, the Company entered into a Commercial Real Estate Promissory Note in the principal amount of $800,000 (the “Note”) with Axiom Partners, LP as the lender (the “Lender”). The Note had a two-year term and interest at the rate of 15% per annum. The Note provided for monthly interest payments to be paid on the last calendar day of each month commencing on August 31, 2011. A balloon payment of the principal balance of $800,000, plus any accrued and unpaid interest, was due upon the maturity of the Note on July 8, 2013. The Note was secured by the Company’s land and building pursuant to the terms and conditions of the Note and a mortgage in favor of the Lender (the “Mortgage”). The Note contained a penalty provision equal to $166,000, less the amount of interest actually paid to the Lender, in the event of an early prepayment. During the fiscal year ended March 31, 2012, the Company paid approximately $56,000 of interest incurred on the Note. In connection with this transaction, the Company also incurred approximately $68,000 in fees, primarily for legal and placement activities, which were recorded as deferred financing costs in the consolidated balance sheet. Deferred financing costs were to be amortized over the 24-month term of the Note using the effective interest rate method. During the fiscal year ended March 31, 2012, the Company amortized approximately $16,000 of these costs, which are reported as additional interest expense in the consolidated statement of operations. On December 22, 2011, in connection with the sale of the Company’s land and building, the Note was paid in full, including a prepayment penalty of approximately $99,000, as provided for in the Note and amended by the Lender at the time of the sale of the Company’s land and building, and the mortgage was discharged (See Note I). The prepayment penalty and the write-off of the remaining unamortized deferred financing costs of $52,000 are included in the loss on the extinguishment of promissory note for the fiscal year ended March 31, 2012 in the consolidated statement of operations.

Mortgage Notes Payable Disclosure

12 Months Ended

Mar. 31, 2013

H. Promissory Note

On July 7, 2011, the Company entered into a Commercial Real Estate Promissory Note in the principal amount of $800,000 (the “Note”) with Axiom Partners, LP as the lender (the “Lender”). The Note had a two-year term and interest at the rate of 15% per annum. The Note provided for monthly interest payments to be paid on the last calendar day of each month commencing on August 31, 2011. A balloon payment of the principal balance of $800,000, plus any accrued and unpaid interest, was due upon the maturity of the Note on July 8, 2013. The Note was secured by the Company’s land and building pursuant to the terms and conditions of the Note and a mortgage in favor of the Lender (the “Mortgage”). The Note contained a penalty provision equal to $166,000, less the amount of interest actually paid to the Lender, in the event of an early prepayment. During the fiscal year ended March 31, 2012, the Company paid approximately $56,000 of interest incurred on the Note.

In connection with this transaction, the Company also incurred approximately $68,000 in fees, primarily for legal and placement activities, which were recorded as deferred financing costs in the consolidated balance sheet. Deferred financing costs were to be amortized over the 24-month term of the Note using the effective interest rate method. During the fiscal year ended March 31, 2012, the Company amortized approximately $16,000 of these costs, which are reported as additional interest expense in the consolidated statement of operations.

On December 22, 2011, in connection with the sale of the Company’s land and building, the Note was paid in full, including a prepayment penalty of approximately $99,000, as provided for in the Note and amended by the Lender at the time of the sale of the Company’s land and building, and the mortgage was discharged (See Note I). The prepayment penalty and the write-off of the remaining unamortized deferred financing costs of $52,000 are included in the loss on the extinguishment of promissory note for the fiscal year ended March 31, 2012 in the consolidated statement of operations.