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Notes and Lines of Credit Payable (Tables) | 6 Months Ended
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Sep. 30, 2015
Notes Payable [Abstract] |
Schedule of Notes and lines of credit payable | Notes and lines of credit payable consist of the following:
|  | September 30, |  | March 31, |
|  | 2015 |  | 2015 |
Term loan payable to NNA due March 28, 2019, net of debt discount of $217,316 (September 30, 2015) and $1,060,401 (March 31, 2015) |  | $ | 6,187,684 |  | $ | 5,467,098 |
Line of credit payable to NNA due March 28, 2019 |  |  | 1,000,000 |  |  | 1,000,000 |
Unsecured revolving line of credit due to financial institution due June 5, 2016 |  |  | 94,764 |  |  | 94,764 |
|  | $ | 7,282,448 |  | $ | 6,561,862 |
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 |  | Six Months Ended |
|  | September 30, |  | September 30, |
|  | 2015 |  | 2014 |  | 2015 |  | 2014 |
Interest expense |  | $ | 149,070 |  | $ | 143,845 |  | $ | 298,779 |  | $ | 287,998 |
Amortization of loan fees and discount |  |  | 30,531 |  |  | 71,673 |  |  | 105,104 |  |  | 142,924 |
Out of period adjustment |  |  | (250,453) |  |  | - |  |  | (250,453) |  |  | - |
|  | $ | (70,852) |  | $ | 215,518 |  | $ | 153,430 |  | $ | 430,922 |

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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 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 2: 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 + Details
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