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LOANS PAYABLE AND LONG TERM DEBT (Tables)
12 Months Ended
Mar. 31, 2016
Schedule Of Loans Payable And Long Term Debt [Table Text Block]
Loans payable and long term debt consisted of the following:
 
 
 
March 31, 2016
 
March 31, 2015
 
 
 
Current
 
Long-
Term
 
Current
 
Long-
Term
 
Equipment and Insurance financing loans payable
 
$
342,945
 
$
520,827
 
$
265,165
 
$
560,338
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred Rent-135 Ludlow Ave Lease (see note 9)
 
 
 
 
 
19,528
 
 
 
 
 
42,524
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lease termination costs – 135 Ludlow Ave lease (see note 9)
 
 
 
 
27,896
 
 
 
 
26,275
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL
 
$
342,945
 
$
568,251
 
$
265,165
 
$
629,137
 
Secured Debt [Member]  
Schedule of Maturities of Long-term Debt [Table Text Block]
Loan principal payments for the next five years are as follows:
 
YEAR ENDING MARCH 31,
 
AMOUNT
 
2017
 
$
342,945
 
2018
 
 
199,164
 
2019
 
 
174,229
 
2020
 
 
129,476
 
2021
 
 
17,958
 
Thereafter
 
 
 
 
 
$
863,772