OTHER CURRENT ASSETS

12 Months Ended

Mar. 31, 2014

OTHER CURRENT ASSETS

OTHER CURRENT ASSETS

NOTE 5 — OTHER CURRENT ASSETS

Other current assets included the following as of March 31:

	2014		2013
Payments advanced to suppliers	$	196,534	$	267,513
Prepaid insurance	229,727		187,086
Collateral deposits (see Note 8)	—		1,032,348
Deferred loan costs, net of amortization	—		57,930
Other	34,984		33,607
Total	$	461,245	$	1,578,484