v2.4.0.6
RESTRICTED CASH
9 Months Ended
Dec. 31, 2012
Restricted Cash Disclosure [Abstract]  
Restricted Cash Disclosure [Text Block]

NOTE 7 — RESTRICTED CASH

 

The Company had €346,355 or $457,701 (translated at the December 31, 2012 exchange rate) and €348,556 or $468,275 (translated at the March 31, 2012 exchange rate) at December 31, 2012 and March 31, 2012, respectively, of cash restricted from withdrawal and held by a bank in Ireland as collateral for overdraft coverage, creditors’ insurance, customs and excise guaranty and a revolving credit facility.