LONG-TERM DEBT (Tables)

9 Months Ended

Dec. 31, 2012

LONG-TERM DEBT

Schedule of outstanding debt obligations

The following debt obligations were outstanding as of:	December 31,  2012			March 31,  2012
Sovereign Bank Secured Term Note due March, 2013	$	142,857		$	571,429
Sovereign Bank Capital Expenditure Note due November 2014	324,576			490,292
Sovereign Bank Staged Advance Note due March 2016	389,491			445,133
MDFA Series A Bonds due January 2021	3,825,000			4,002,083
MDFA Series B Bonds due January 2018	1,392,857			1,624,999
Obligation under capital lease	41,264			1,291
Total long-term debt	6,116,045			7,135,227
Principal payments due within one year	(937,094		)	(1,358,933		)
Principal payments due after one year	$	5,178,951		$	5,776,294