Quarterly report pursuant to Section 13 or 15(d)

Investments

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Investments
3 Months Ended
Jun. 30, 2015
Investments Schedule [Abstract]  
Investments

NOTE 3 – INVESTMENTS:

 

Investments consist solely of certificates of deposits with financial institutions. All investments have original maturities of greater than three months and less than one year and are classified as held-to-maturity, as the Company believes it has the intent and ability to hold the securities to maturity. Investments are stated at amortized cost which approximates fair value. All investments held by the Company at June 30, 2015 are scheduled to mature on or before May 11, 2016.