COMMITMENTS	9 Months Ended
Dec. 31, 2014
COMMITMENTS
COMMITMENTS	NOTE 16 – COMMITMENTS On July 14, 2014, we entered into a separation, severance and release agreement, or the Separation Agreement, with Robert Francis, who served as President and General Manager of Ranor until June 23, 2014. The Separation Agreement amends Mr. Francis’ existing Employment Agreement, dated January 27, 2012. Pursuant to the Separation Agreement, Mr. Francis will provide transition services as a consultant to the Company and will be paid an amount equal to $19,166.66 on a monthly basis for three months. Mr. Francis’ other benefits, including health and medical benefits, under the Employment Agreement were discontinued after June 23, 2014. There were no remaining obligations under the Separation Agreement at December 31, 2014. We have employment agreements with our executive officers. Such employment agreements provide for minimum salary levels, adjusted annually, as well as for incentive bonuses that are payable if specified company goals are attained. The aggregate annual commitment at December 31, 2014 for future compensation during the next twelve months, excluding bonuses, was approximately $0.7 million.

COMMITMENTS

9 Months Ended

Dec. 31, 2014

NOTE 16 – COMMITMENTS

On July 14, 2014, we entered into a separation, severance and release agreement, or the Separation Agreement, with Robert Francis, who served as President and General Manager of Ranor until June 23, 2014. The Separation Agreement amends Mr. Francis’ existing Employment Agreement, dated January 27, 2012. Pursuant to the Separation Agreement, Mr. Francis will provide transition services as a consultant to the Company and will be paid an amount equal to $19,166.66 on a monthly basis for three months. Mr. Francis’ other benefits, including health and medical benefits, under the Employment Agreement were discontinued after June 23, 2014. There were no remaining obligations under the Separation Agreement at December 31, 2014.

We have employment agreements with our executive officers. Such employment agreements provide for minimum salary levels, adjusted annually, as well as for incentive bonuses that are payable if specified company goals are attained. The aggregate annual commitment at December 31, 2014 for future compensation during the next twelve months, excluding bonuses, was approximately $0.7 million.