SUBSEQUENT EVENT

3 Months Ended

Jun. 30, 2016

SUBSEQUENT EVENT.

SUBSEQUENT EVENT

NOTE 16 — SUBSEQUENT EVENT

In accordance with the MLSA, People’s released $182,763 of proceeds from the borrowing, which was withheld on the April 26, 2016 disbursement date. The holdback was released to the Company on July 6, 2016 upon the disclosure in the 2016 Form 10-K of a debt service coverage ratio of 1.82 to 1.0 as of March 31, 2016.