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DEBT (Tables)
9 Months Ended
Dec. 31, 2020
DEBT  
Schedule of outstanding debt obligations

 

 

 

 

 

 

 

Total debt included the following as of:

    

December 31, 2020

    

March 31, 2020

Berkshire Term Loan at 5.21% interest, due December 2021

 

$

2,491,835

 

$

2,564,389

Berkshire SBA PPP loan at 1% interest, due May 2022

 

 

1,317,100

 

 

 —

Finance lease obligations at 8% interest, due January 2022

 

 

13,662

 

 

22,460

Total debt

 

$

3,822,597

 

$

2,586,849

Less: debt issue costs unamortized

 

$

16,485

 

$

20,460

Total debt, net

 

$

3,806,112

 

$

2,566,389

Less: Current portion of long-term debt

 

$

3,088,553

 

$

109,829

Total long-term debt, net

 

$

717,559

 

$

2,456,560