v3.8.0.1
Restricted Cash
9 Months Ended
Dec. 31, 2017
Restricted Cash  
Restricted Cash

NOTE 6 — RESTRICTED CASH

 

At December 31 and March 31, 2017, the Company had €310,319 or $371,719 (translated at the December 31, 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.