SUBSEQUENT EVENTS	9 Months Ended
Dec. 31, 2012
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 18. SUBSEQUENT EVENTS On February 11, 2013, the Company received a $1,401,091 of federal tax loss carryback refund. This carryback refund was requested by the Company in conjunction with the filing of it March 31, 2012 federal tax return and represents a partial refund of federal taxes paid for the tax years ended March 31, 2011 and 2010. The carryback refund offsets the tax loss reported for the period ended March 31, 2012 against taxes paid for the prior two years. On February 14, 2013, the Company executed a Twelfth Amendment and obtained a waiver for failure to comply with the fixed charge coverage ratio and the interest coverage ratio covenants at December 31, 2012. The leverage ratio covenant will remain in effect. The Company was in compliance with the leverage ratio covenant at December 31, 2012. Without the execution of the Twelfth Amendment, the Company would have been required to reclassify all of its long-term debt as a current liability at December 31, 2012. Additionally, the Bank required that the Company continue to maintain $840,000 in a restricted cash account pledged as additional collateral. This amount equals the total due for the next two quarters of debt service. This collateral will be released back to the Company upon successful compliance with all debt covenant tests. The ratio of earnings available to cover fixed charges and the interest coverage covenant testing will resume at March 31, 2013 on a trailing three month basis, and continue at June 30, 2013 on a trailing six month basis and September 30, 2013 on a trailing nine month basis and quarterly thereafter on a trailing twelve month basis beginning on December 31, 2013. Under the Twelfth Amendment, the Company shall not permit earnings available for fixed charges to be less than 125%, interest coverage to be less than 2:1, and the leverage ratio to be greater than 2:1 at any time, tested quarterly. The Company believes that it will remain in compliance with all of the revised covenants through at least December 31, 2013.

NOTE 18. SUBSEQUENT EVENTS

On February 11, 2013, the Company received a $1,401,091 of federal tax loss carryback refund. This carryback refund was requested by the Company in conjunction with the filing of it March 31, 2012 federal tax return and represents a partial refund of federal taxes paid for the tax years ended March 31, 2011 and 2010. The carryback refund offsets the tax loss reported for the period ended March 31, 2012 against taxes paid for the prior two years.

On February 14, 2013, the Company executed a Twelfth Amendment and obtained a waiver for failure to comply with the fixed charge coverage ratio and the interest coverage ratio covenants at December 31, 2012. The leverage ratio covenant will remain in effect. The Company was in compliance with the leverage ratio covenant at December 31, 2012. Without the execution of the Twelfth Amendment, the Company would have been required to reclassify all of its long-term debt as a current liability at December 31, 2012. Additionally, the Bank required that the Company continue to maintain $840,000 in a restricted cash account pledged as additional collateral. This amount equals the total due for the next two quarters of debt service. This collateral will be released back to the Company upon successful compliance with all debt covenant tests. The ratio of earnings available to cover fixed charges and the interest coverage covenant testing will resume at March 31, 2013 on a trailing three month basis, and continue at June 30, 2013 on a trailing six month basis and September 30, 2013 on a trailing nine month basis and quarterly thereafter on a trailing twelve month basis beginning on December 31, 2013. Under the Twelfth Amendment, the Company shall not permit earnings available for fixed charges to be less than 125%, interest coverage to be less than 2:1, and the leverage ratio to be greater than 2:1 at any time, tested quarterly. The Company believes that it will remain in compliance with all of the revised covenants through at least December 31, 2013.