Long Term Debt (Tables)

9 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt on the Consolidated Balance Sheets consisted of the following as of the dates indicated:

	December 31, 2021		March 31, 2021
Credit facility	$	-	$	1,180,000
Unamortized debt issuance costs (1)		-		(25,051	)
Total long-term debt	$	-	$	1,154,949

⁽¹⁾ For the current period, since the Company has no long-term debt outstanding, unamortized debt issuance costs in the amount of $15,657 are included in Other noncurrent assets.

Summary of Line of Credit Activity

There was no balance outstanding on the line of credit as of December 31, 2021. The following table is a summary of activity on the WTNB line of credit for the nine months ended December 31, 2021:

	Principal
Balance at April 1, 2021:	$	1,180,000
Borrowings		275,000
Repayments		(1,455,000	)
Balance at December 31, 2021:	$	-