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Deferred Costs
 12 Months Ended
Mar. 31, 2017
Deferred Costs [Abstract]  
Deferred Costs

NOTE 6 – Deferred Costs

The components of deferred costs and their periods of amortization from discontinued operating assets are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

 

 

 

 

 

2017

 

2016

 

Period

 

 

 

   

 

 

     

 

 

 

 

 

Tax credit fees

    

$

33,281

    

$

33,281

    

15 

through

 30 

years

Syndication fees (non-amortizable)

 

 

6,500

 

 

6,500

 

 

 

 

 

Less:  Accumulated amortization

 

 

(24,363)

 

 

(23,153)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total deferred costs

 

$

15,418

 

$

16,628

 

 

 

 

 

Amortization expense from operations for the years ended March 31, 2017 and 2016 amounted to $1,210 and $1,210, respectively. Amortization expense for each of the next five years will approximate $1,210.