XML 23 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1
OTHER NONCURRENT ASSETS
3 Months Ended
Jun. 30, 2017
OTHER NONCURRENT ASSETS  
OTHER NONCURRENT ASSETS
NOTE 7 - OTHER NONCURRENT ASSETS
 
Other noncurrent assets included the following as of:
 
 
 
June 30, 2017
 
March 31, 2017
 
Assets held for sale
 
$
20,000
 
$
100,000
 
Prepaid loan costs
 
 
14,019
 
 
-
 
Total
 
$
34,019
 
$
100,000
 
 
At June 30, 2017 and March 31, 2017, we classified certain machinery and equipment of $20,000 and $100,000, respectively, to assets held for sale. This amount approximates fair value net of selling costs. We expect to sell this remaining fixed asset before the end of fiscal 2018. In fiscal 2017, we wrote down certain machinery held for sale and subsequently sold the machinery in May 2017.