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Capital Lease Obligations
 12 Months Ended
Mar. 31, 2014
Capital Lease Obligations [Abstract]  
Capital Lease Obligations
9. Capital Lease Obligations

The Company leases various types of equipment under agreements accounted for as capital leases and included in plant and equipment as follows at March 31:

 
2014
  
2013
 
Cost
 
$
343,000
  
$
748,000
 
Less: accumulated depreciation
  
(25,000
)
  
(461,000
)
 
        
Total
 
$
318,000
  
$
287,000
 

Future minimum lease payments for the capital leases are as follows:

Year Ending March 31,
  
2015
 
$
76,000
 
2016
  
76,000
 
2017
  
76,000
 
2018
  
75,000
 
2019
  
50,000
 
Total minimum lease payments
  
353,000
 
Less amount representing interest
  
(35,000
)
Present value of future minimum lease payment
  
318,000
 
Less current portion
  
(64,000
)
 
    
 
 
$
254,000
 

As of May 31, 2013, $169,000 in capital leases at the discontinued subsidiary were deconsolidated from the consolidated financial statements of the Company (see Note 3).