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Subsequent Events | 12 Months Ended
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Mar. 31, 2019
Subsequent Events [Abstract] |
Subsequent Events | NOTE 18 – SUBSEQUENT EVENTS On June 10, 2019, the Company entered into an agreement with Korcomptenz, Inc. to install a new Enterprise Resource Planning software (“ERP System”) that will be utilized companywide. The implementation project will start in July, 2019 with a “go-live” date scheduled for April 1, 2020. The estimated cost of the ERP System project is approximately $0.4 million. On June 18, 2019, the Company entered into a financing arrangement with Dimension Funding, LLC (“Dimension”) to finance the entire ERP System project over a term of 60 months. Upon approval by Company management, Dimension will release progress payments directly to Korcompetenz as specific project milestones are met. Total progress payments will be made to the vendor over a period of approximately nine months and the Company will only be charged financing costs on the amounts released to the vendor. The agreement calls for monthly installment payments of approximately $7,257 (including principal and interest) and bears interest of approximately 6.22%.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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