Quarterly report pursuant to Section 13 or 15(d)

Other Assets

Other Assets
6 Months Ended
Sep. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

5. Other Assets:


    September 30, 2018     March 31, 2018  
Workers’ compensation insurance   $ 1,747,921     $ 3,321,345  
Deferred tax asset     2,984,041       3,382,041  
Security deposits     134,762       126,428  
      4,866,724       6,829,814  
Current portion     (1,747,921 )     (3,321,345 )
Total non-current portion   $ 3,118,803     $ 3,508,469  


The other asset workers’ compensation insurance represents the net amount of the payments made to cover the workers’ compensation insurance premium against the actual premium due as well as the difference in the amount deposited to the loss fund less the estimated workers’ compensation claims and reserves related to the historical loss claims as well as the estimates related to claims incurred but not reported. There is no offsetting claim liability reported as the Company has determined that there is a sufficient amount deposited into the loss funds to cover the estimated claims reserve as well as the estimate related to claims incurred but not reported.