SUBSEQUENT EVENTS

6 Months Ended

Sep. 30, 2013

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 18 – SUBSEQUENT EVENTS

In October 2013 we completed a workforce reduction action that resulted in a 19% reduction in the work force. The cost of this action will result in a charge to operating expenses of approximately $0.1 million which will be paid out before the end of fiscal 2014. This action was prompted by management’s plan to realign our cost structure so we can return to profitability at current revenue levels.