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DEBT (Tables)
 6 Months Ended
Sep. 30, 2016
DEBT  
Schedule of outstanding debt obligations

 

 

 

September 30,
2016

 

March 31,
2016

 

People’s Equipment Loan Facility due April 2021

 

$
2,803,452 

 

$

—

 

Utica Credit Loan Note due November 2018

 

—

 
2,459,259 

 

Revere Term Loan and Notes due January 2018

 
2,250,000 

 
2,250,000 

 

Obligations under capital lease

 
20,623 

 
26,599 

 

 

 

 

 

 

 

Total debt

 

$
5,074,075 

 

$
4,735,858 

 

 

 

 

 

 

 

 

 

Less: Debt issue costs, unamortized

 

$
103,288 

 

$
47,342 

 

 

 

 

 

 

 

 

 

Less: Current portion of long-term debt

 

$
615,948 

 

$
953,106 

 

 

 

 

 

 

 

 

 

Long-term debt, including capital lease

 

$
4,354,839 

 

$
3,735,410