Line of Credit

6 Months Ended

Sep. 30, 2011

Notes to Financial Statements

Line of Credit

Morris Revolving Credit

At September 30, 2011 and March 31, 2011, Morris has $844,062 and $895,153 outstanding under a revolving credit line agreement that allows it to borrow up to a total of $1,200,000. The line of credit is secured by accounts receivable, guaranteed by a previous owner and is due August 27, 2012. The applicable interest rate under this agreement is based on the Prime Rate, plus 3.5% with a floor of 4.00%.

Cross Creek Line of Credit

At September 30 2011, Cross Creek has $1,393,503 outstanding under a line of credit agreement that allows it to borrow up to a total of $1,800,000. The line of credit is secured by accounts receivable and is due March 28, 2013.  The applicable interest rate under this agreement is based on the Prime Rate, plus 2.0% with a floor of 6.0%.