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Notes and Line of Credit Payable (Tables)

9 Months Ended

Dec. 31, 2014

Notes Payable [Abstract]

Schedule of Notes and lines of credit payable

Notes and line of credit payable consist of the following: 

		December 31,			March 31,
		2014			2014
Term loan payable to NNA due March 28, 2019, net of debt discount of $1,121,959 (December 31, 2014) and $1,305,435 (March 31, 2014)		$	5,528,041		$	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, 2015			94,764			94,764
		$	6,622,805		$	5,789,329

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						Nine months ended
		December 31,						December 31,
		2014			2013			2014			2013
Interest expense		$	156,450		$	13,023		$	444,448		$	69,111
Amortization of loan fees and discount			72,765			41,477			215,689			81,257
		$	229,215		$	54,500		$	660,137		$	150,368

X

- Definition

Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities.

+ References

No definition available.

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(e),(f))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph f

-Article 4



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(b),22(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 22

-Article 5

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