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Due from PNC Bank
9 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Due from PNC Bank

NOTE 3 – DUE FROM PNC BANK

 

In connection with the Company’s revolving credit facility with PNC Bank, cash collected by PNC Bank on trade accounts receivable may exceed amounts borrowed on the revolving credit facility from time to time (See Note 7 – BANK FINANCING). As of December 31, 2017 and March 31, 2017, PNC Bank owed the Company $0 and approximately $242,000, respectively, which represented cash received by PNC Bank on accounts receivable in excess of amounts borrowed against the revolving credit facility.