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<td style="width: 4%; text-align: left">(12)</td><td style="width: 3%"></td><td style="text-align: justify; width: 93%"><u>Leases</u></td>
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<td style="text-align: left">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">The Company has several non-cancelable
operating leases, primarily for property, that expire through June 2015. Rent expense for the years ended March 31, 2012 and 2011
amounted to approximately $1,570,000 and $1,533,000, respectively. Future non-cancelable minimum lease payments under all of the
leases as of March 31, 2012 are as follows<b>:</b>&nbsp;</td></tr>
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<td>(12)</td><td></td><td><u>Leases</u></td>
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<td> </td><td> </td><td>The Company has several non-cancelable
operating leases, primarily for property, that expire through June 2015. Rent expense for the years ended March 31, 2012 and 2011
amounted to approximately $1,570,000 and $1,533,000, respectively. Future non-cancelable minimum lease payments under all of the
leases as of March 31, 2012 are as follows<b>:</b> </td></tr>
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