XML 29 R61.htm IDEA: XBRL DOCUMENT v2.4.0.8
SUBSEQUENT EVENTS (Details) (USD $)
12 Months Ended 0 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Series A Convertible Preferred Stock
Mar. 31, 2013
Series A Convertible Preferred Stock
Jun. 25, 2014
Subsequent event
Series A Convertible Preferred Stock
May 30, 2014
Subsequent event
LSA
May 30, 2014
Subsequent event
Loan agreement with bank
May 30, 2014
Subsequent event
Utica
LSA
Jun. 23, 2014
Subsequent event
Ranor, Inc.
Alexander Shen
Subsequent events                  
Aggregate principal amount               $ 4,150,000  
Stated interest rate to be used as variable interest basis               7.50%  
Interest margin (as a percent)               3.30%  
Variable interest basis               six-month LIBOR interest rate  
Maximum amount of debt that can be defaulted               5,000  
Fees and associated costs paid           240,000      
Repayment of debt             2,650,000    
Loan proceeds retained for general corporate purposes           1,270,000      
Annual base salary to be received to pursuant to the employment agreement                 275,000
Black Scholes value at the time of grant of stock options awards granted                 $ 250,000
Annual cash performance bonus as a percentage of base salary                 50.00%
Shares converted into common stock 3,994,133 1,502,984 3,055,490 1,502,984 550,000        
Number of shares of common stock issued for converted preferred stock 3,055,490 1,964,694 3,994,134 1,964,694 718,959