Notes and Lines of Credit Payable (Tables)

6 Months Ended

Sep. 30, 2015

Notes Payable [Abstract]

Schedule of Notes and lines of credit payable

Notes and lines of credit payable consist of the following:

	September 30,		March 31,
	2015		2015
Term loan payable to NNA due March 28, 2019, net of debt discount of $217,316 (September 30, 2015) and $1,060,401 (March 31, 2015)	$	6,187,684	$	5,467,098
Line of credit payable to NNA due March 28, 2019		1,000,000		1,000,000
Unsecured revolving line of credit due to financial institution due June 5, 2016		94,764		94,764
	$	7,282,448	$	6,561,862

Schedule of Interest Expense Associated with Notes Payable

Interest expense associated with the notes and lines of credit payable consisted of the following:

	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Interest expense	$	149,070	$	143,845	$	298,779	$	287,998
Amortization of loan fees and discount		30,531		71,673		105,104		142,924
Out of period adjustment		(250,453)		-		(250,453)		-
	$	(70,852)	$	215,518	$	153,430	$	430,922