Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v2.4.1.9
Debt (Tables)
12 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Long Term Debt

 

 

March 31,

 

 

March 31,

 

 

2015

 

 

2014

 

Current Portion of Long Term Debt

 

 

 

 

 

 

 

Term loan, principal

$

600

 

 

$

-

 

Revolving line of credit, principal

 

3,000

 

 

 

-

 

 

$

3,600

 

 

$

-

 

 

 

 

March 31,

 

 

March 31,

 

 

2015

 

 

2014

 

Long Term Debt

 

 

 

 

 

 

 

Subordinated secured debenture, net of debt discount of $910 and $0

$

7,090

 

 

$

-

 

 

Contingent Liabilities

 

 

March 31,

 

 

March 31,

 

 

2015

 

 

2014

 

Long Term Contingent Liability

 

 

 

 

 

 

 

Contingent liability, net of discount of $0 and $762,

   respectively

$

-

 

 

$

238

 

 

 

 

March 31,

 

 

March 31,

 

 

2015

 

 

2014

 

Contingent Liabilities

 

 

 

 

 

 

 

Contingent liability, net of discount of $0 and $762, respectively

$

 

 

$

238

 

 

Subordinated Debenture

The Company’s required principal repayments for its outstanding debt as of March 31, 2015, are as follows:

 

 

Senior Debt

 

 

Revolving line of credit

 

 

Subordinated Debenture

 

June 30, 2015

$

-

 

 

$

3,000

 

 

$

-

 

March 31, 2016

 

600

 

 

 

-

 

 

 

-

 

March 6, 2017

 

-

 

 

 

-

 

 

 

8,000

 

 

$

600

 

 

$

3,000

 

 

$

8,000