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OTHER CURRENT ASSETS
12 Months Ended
Mar. 31, 2013
OTHER CURRENT ASSETS  
OTHER CURRENT ASSETS

NOTE 5 — OTHER CURRENT ASSETS

 

 

 

2013

 

2012

 

Other current assets included the following as of March 31:

 

 

 

 

 

 

 

Payments advanced to suppliers

 

$

267,513

 

$

145,637

 

Prepaid insurance

 

187,086

 

220,496

 

Collateral deposits (see Note 8)

 

1,032,348

 

1,052,500

 

Deferred loan costs, net of amortization

 

57,930

 

 

Other

 

33,607

 

68,321

 

Total

 

$

1,578,484

 

$

1,486,954