COMMITMENTS AND CONTINGENCIES

6 Months Ended

Sep. 23, 2011

COMMITMENTS AND CONTINGENCIES [Abstract]

COMMITMENTS AND CONTINGENCIES

Note 12 -	COMMITMENTS AND CONTINGENCIES:
	The Company has renewed its lease for its corporate offices (including its manufacturing facility) located at 140 58th Street, Suite 8E, Brooklyn, New York.  The renewed lease term runs from December 1, 2010 through November 30, 2020. The basic minimum annual rentals are as follows:

Fiscal year ending March:
2012	$	149,380
2013		153,860
2014		158,480
2015		163,240
2016		168,120
Thereafter		853,100
	$	1,646,180

The rental expense for the six months ended September 23, 2011 and September 24,  2010 was $79,950 and $72,534, respectively.

The Company has a collective bargaining multi-employer pension plan (“Multi-Employer Plan”) with the United Auto Workers of America, Local 259 (“UAW”). Contributions are made by the Company in accordance with a negotiated labor contract and are based on the number of covered employees employed per month. With the passage of the Multi-Employer Pension Plan Amendment Act of 1990 (the “1990 Act”), the Company may become subject to liabilities in excess of contributions made under the collective bargaining agreement. Generally, these are contingent upon termination, withdrawal, or partial withdrawal from the Multi-Employer Plan.

The Company has not taken any action to terminate, withdraw or partially withdraw from the Multi-Employer Plan, nor does it intend to do so in the future. Under the 1990 Act, liabilities would be based upon the Company's proportional share of the Multi-Employer Plan's unfunded vested benefits which is currently not available.  The amount of accumulated benefits and net assets of such Plan also is not currently available to the Company. The total contributions charged to operations under the provisions of the Multi-Employer Plan were $56,064 and $57,273 for the six months ended September 23, 2011 andSeptember 24, 2010, respectively.

As of October 2, 2011, the Company received notice from the U.S. Small Business Administration-HUBZone Program that on October 1, 2011 the Company is no longer eligible for participation in the HUBZone Program because the Company's principal office is not located in a qualified HUBZone. As a result of the 2010 decennial census, certain designated HUBZones lost their status as a qualified HUBZone on October 1, 2011, which is the date on which the U.S. Census Bureau publicly released the first results from the 2010 Census. The Company's principal office in which the Company has been based since 1991 is no longer within a designated HUBZone and thus the Company is no longer approved by the federal government as a “HUBZone small business enterprise”. Although it is possible that the loss of eligibility for participation in the HUBZone Program may have a material adverse effect on the business of the Company, at this juncture, the Company cannot determine whether such loss of eligibility will have a material adverse effect on our business.

Legislation has been introduced in the U.S. Congress to restore HUBZone certification to a number of areas, including where the Company's principal office is located. No assurance can be given as to the likelihood that this legislation will be enacted.