Short Term Investments

12 Months Ended

Mar. 31, 2016

Short Term Investments [Abstract]

Short Term Investments

NOTE 8 — SHORT TERM INVESTMENTS:

At March 31, 2016 and March 31, 2015, the Company held short-term investments totaling $20.2 million and nil, respectively.

The Company held $3.0 million in certificates of deposit which were classified as cash equivalents as of March 31, 2016 and $15.1 million as of March 31, 2015. The $3.0 million in certificates of deposit matured on April 4, 2016 and have been subsequently re-invested into certificates of deposit with maturities of 90 days or less.