Annual report pursuant to Section 13 and 15(d)

Other Income

v3.7.0.1
Other Income
12 Months Ended
Mar. 31, 2017
Other Income And Expenses [Abstract]  
Other Income

NOTE 15 – Other Income:

During fiscal 2016, certain orders from customers were cancelled. The contracts for the cancelled orders included provisions that entitled the Company to cancellation charges. The amount of the cancellation charges were negotiated and settled with the customers. This income, net of costs incurred on the contracts, of $1,789 is presented in the caption ''Other Income'' in the fiscal 2016 Consolidated Statement of Operations.