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Notes and Lines of Credit Payable (Tables)
12 Months Ended
Mar. 31, 2015
Notes Payable [Abstract]  
Schedule of Notes and lines of credit payable
Notes and lines of credit payable consist of the following:
 
 
 
March 31,
 
March 31,
 
January 31,
 
 
 
2015
 
2014
 
2014
 
Term loan payable to NNA due March 28, 2019, net of debt discount of $1,060,401 (March 31, 2015) and $1,305,435 (March 31, 2014)
 
$
5,467,098
 
$
5,694,565
 
$
-
 
Line of credit payable to NNA due March 28, 2019
 
 
1,000,000
 
 
-
 
 
-
 
Unsecured revolving line of credit due to financial institution due June 5, 2016
 
 
94,764
 
 
94,764
 
 
94,764
 
Medical Clinic Acquisition Promissory Notes
 
 
-
 
 
-
 
 
272,051
 
Secured Revolving Credit Facility
 
 
-
 
 
-
 
 
2,811,878
 
 
 
$
6,561,862
 
$
5,789,329
 
$
3,178,693
 
Schedule of Interest Expense Associated with Notes Payable
Interest expense associated with the notes and lines of credit payable consisted of the following:
 
 
 
Year Ended March
31, 2015
 
Two Months Ended
March 31, 2014
 
Year Ended
January 31, 2014
 
Interest expense
 
$
595,067
 
$
38,260
 
$
68,634
 
Amortization of loan fees and discount
 
 
288,054
 
 
13,880
 
 
161,091
 
 
 
$
883,121
 
$
52,140
 
$
229,725