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Notes and Lines of Credit | 3 Months Ended
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Jun. 30, 2016
Notes Payable [Abstract] |
Notes and Line of Credit Payable | 5. Notes and Lines of Credit Lines of credit consist of the following:
|  | June 30, |  | March 31, |
|  | 2016 |  | 2016 |
Hendel $100,000 revolving line of credit due to financial institution, bears interest at prime plus 4.5%, or (8%), interest only payable monthly and matures in March 2017 |  | $ | 88,764 |  | $ | 88,764 |
BAHA $150,000 revolving line of credit due to financial institution, bears interest at prime plus 3.0%, or (6.5%), interest only payable monthly and matures in March 2017 |  |  | 87,500 |  |  | 100,000 |
|  | $ | 176,264 |  | $ | 188,764 |
Other lines of credit LALC has a line of credit of $230,000 that accrues interest at a rate of 5% per annum. The Company has borrowed zero under this line of credit as of June 30, 2016 and March 31, 2016 and the line is auto-renewed on an annual basis. Interest expense associated with the notes and lines of credit consisted of the following:
|  | Three Months Ended June 30, |
|  | 2016 |  | 2015 |
Interest expense |  | $ | 2,659 |  | $ | 215,178 |
Amortization of loan fees and discount |  |  | - |  |  | 145,224 |
|  | $ | 2,659 |  | $ | 360,402 |
The amount for the three months ended June 30, 2015 includes interest on the debt owed to NNA of approximately $6.5 million that was settled in October of 2015.

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- References No definition available. + Details
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