Quarterly report pursuant to Section 13 or 15(d)

Investments

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Investments
 6 Months Ended
Sep. 30, 2013
Investments Debt And Equity Securities [Abstract]  
Investments

NOTE 3 – INVESTMENTS:

 

Investments consist solely of fixed-income debt securities issued by the U.S. Treasury with original maturities of greater than three months and less than one year. All investments are classified as held-to-maturity, as the Company has the intent and ability to hold the securities to maturity. The investments are stated at amortized cost which approximates fair value. All investments held by the Company at September 30, 2013 are scheduled to mature on or before January 9, 2014.