v3.7.0.1
Restricted Cash
3 Months Ended
Jun. 30, 2017
Restricted Cash  
Restricted Cash

NOTE 6 — RESTRICTED CASH

 

At June 30 and March 31, 2017, the Company had €310,310 or $354,042 (translated at the June 30, 2017 exchange rate) and €310,305 or $331,455 (translated at the March 31, 2017 exchange rate), 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 as described in Note 7A below.