XML 55 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
LEASES
12 Months Ended
Mar. 31, 2014
Leases, Operating [Abstract]  
Operating Leases of Lessor Disclosure [Text Block]
NOTE E - LEASES
 
During January 2009, the Company entered into an operating lease for its office and warehouse location in Owings Mills, Maryland which expires in March 2019. This lease is subject to increasing rentals at 3% per year. In June 2009, we amended this lease to include an additional 3,000 square feet of warehouse. In February 2004, the Company entered into an operating lease for 2,600 square foot office in Naperville, Illinois. During fiscal 2012, the lease was expanded to approximately 3,400 square feet and the lease was extended to February 2015 with rentals increasing at 3% per year.
 
Each of the operating leases for real estate has renewal options with terms and conditions similar to the original lease. Rent expense, including common area maintenance, totaled $185,625 and 180,546 for the years ended March 31, 2014 and 2013, respectively.
 
 
 
2015
 
2016
 
2017
 
2018
 
2019
Remainder
 
Future minimum lease payments are as follows:
 
 
196,049
 
 
153,416
 
$
154,931
 
$
159,579
 
$
164,366