OTHER CURRENT ASSETS

12 Months Ended

Mar. 31, 2012

OTHER CURRENT ASSETS

OTHER CURRENT ASSETS

NOTE 5 — OTHER CURRENT ASSETS

Other current assets included the following as of March 31:

	2012		2011
Payments advanced to suppliers	$	77,000	$	285,187
Prepaid insurance	220,496		139,838
Collateral deposits (see Note 8)	1,052,500		—
Other	136,958		16,808
Total	$	1,486,954	$	441,833