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REVOLVING LINE OF CREDIT AND LETTER OF CREDIT FACILITY
12 Months Ended
Mar. 31, 2012
Revolving Line Of Credit And Letter Of Credit Facility  
REVOLVING LINE OF CREDIT AND LETTER OF CREDIT FACILITY
NOTE 5 - REVOLVING LINE OF CREDIT AND LETTER OF CREDIT FACILITY

In October 2008, Lucas entered into a three-year Revolving Line of Credit and Letter of Credit Facility with Amegy Bank (the Credit Facility). At the closing of the Credit Facility in October 2008, Lucas had a lending commitment and borrowing capacity of $3 million.

In May 2010, Lucas terminated the Credit Facility and paid off the outstanding balance.  As a result, Amegy released all liens and security interests securing Lucas’ obligations under the Credit Facility.  For the year ended March 31, 2011, Lucas incurred $10,014 of interest and expensed the remaining unamortized deferred financing costs totaling $250,921 as interest expense.