Annual report pursuant to Section 13 and 15(d)

15. Employee Benefit Plan

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15. Employee Benefit Plan
12 Months Ended
Mar. 31, 2013
Employee Benefit Plan  
15. Employee Benefit Plan

NOTE 15 — Employee Benefit Plan

 

The Company has a program to contribute and administer a qualified 401(k) plan.  Under the 401(k) plan, the Company matches employee contributions to the plan up to 4% of the employee’s salary. Company contributions to the plans amounted to an aggregate of $140,000 and $103,000 for the years ended March 31, 2013 and 2012, respectively.