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DEBT (Tables)
12 Months Ended
Mar. 31, 2020
DEBT  
Schedule of outstanding debt obligations

 

 

 

 

 

 

 

Long-term debt included the following as of March 31:

    

2020

    

2019

Berkshire Term Loan due January 2022

 

$

2,564,389

 

$

2,656,985

People’s Equipment Loan Facility due April 2021

 

 

 —

 

 

1,606,953

Obligations under finance leases

 

 

22,460

 

 

33,411

Total debt

 

$

2,586,849

 

$

4,297,349

Less: debt issue costs unamortized

 

$

20,460

 

$

64,702

Total debt, net

 

$

2,566,389

 

$

4,232,647

Less: Current portion of long-term debt

 

$

109,829

 

$

822,105

Total long-term debt, net

 

$

2,456,560

 

$

3,410,542