Accrued Core Payment

12 Months Ended

Mar. 31, 2015

10. Accrued Core Payment

At March 31, 2015, the Company recorded $37,070,000 representing the net accrued core payments for the cores purchased from its customers, which are held by these customers and remain on their premises.

Future repayments for accrued core payments are as follows:

Year Ending March 31,
2016	$	13,882,000
2017		8,275,000
2018		8,275,000
2019		8,275,000
Total accrued core payments		38,707,000
Less amount representing interest		(1,637,000	)
Present value of accrud core payments		37,070,000
Less current portion		(13,190,000	)

	$	23,880,000