Subsequent Event

12 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

Subsequent Event

NOTE 14 — SUBSEQUENT EVENT:

In April 2016, the Company, upon a request made by S&T, considered and agreed that the collateral pledged as a part of the indemnification agreement between S&T, Grande and the Company pertaining to the aforementioned March 2010 dividend and the related IRS challenge, would no longer be required and that such collateral would be returned by the Company to S&T, net of the $79,000 in expenses incurred by the Company in defending the IRS challenge. Thusly, on April 29, 2016, the Company paid $421,000 to S&T to effectuate the release of the collateral net of the aforementioned expenses incurred by the Company. See Note 3 “Related Party Transactions – Dividend-Related Issues with S&T”.