OTHER CURRENT ASSETS (Details) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
OTHER CURRENT ASSETS
Payments advanced to suppliers	$ 182,305	$ 54,422
Prepaid insurance	236,300	205,477
Collateral deposits	85,252	85,252
Deferred loan costs, net of amortization		184,063
Other	26,951	9,039
Total	$ 530,808	$ 538,253

For an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain.

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Carrying value of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment within one year or during the operating cycle, if shorter.

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Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer).

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Amount of asset related to consideration paid in advance for insurance that provides economic benefits within a future period of one year or the normal operating cycle, if longer.

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Amount of consideration paid in advance for supplies that provide economic benefits within a future period of one year or the normal operating cycle, if longer.

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