OTHER NONCURRENT ASSETS

12 Months Ended

Mar. 31, 2017

OTHER NONCURRENT ASSETS

OTHER NONCURRENT ASSETS

NOTE 6 – OTHER NONCURRENT ASSETS

Other noncurrent assets included the following as of March 31:

	2017		2016
Assets held for sale	$	100,000	$	123,900
Prepaid loan costs		—		52,444
Total	$	100,000	$	176,344

At March 31, 2017 and 2016, we classified certain machinery and equipment of $100,000 and $123,900, respectively, to assets held for sale. This amount approximates fair value net of selling costs. In fiscal 2017, we wrote down certain machinery held for sale by $43,900, and  subsequently sold this machinery in May 2017. We also classified other equipment in fiscal 2017 for $20,000 to assets held for sale. We expect to sell this remaining fixed asset before the end of fiscal 2018.