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LIQUIDITY	12 Months Ended
Mar. 31, 2022
Liquidity
LIQUIDITY	NOTE 2 – LIQUIDITY The Company reported net income of approximately $0.2 million and used cash in operating activities of approximately $2.0 million for the fiscal year ended March 31, 2022. The current Intercreditor Revolving Credit Facility with Crestmark Bank is under an evergreen arrangement that terminates upon written notice by the Company and is subject to a termination fee if terminated by the Company anytime other than the annual renewal date of June 11. Our credit facility with Iron Horse Credit that was to expire on June 11, 2022, however absent any termination notice given by the Company to IHC, was automatically renewed for another twelve-month term and is subject to a termination fee if terminated by the Company prior to the twelve-month renewal date. The Company believes that our cash on hand, working capital (net of cash), cash expected to be generated from our operating forecast, along with the availability of cash from our credit facilities (See Note 6 – BANK FINANCING) will be adequate to meet the Company’s liquidity requirements for at least twelve months from the filing of this report.

LIQUIDITY

12 Months Ended

Mar. 31, 2022

NOTE 2 – LIQUIDITY

The Company reported net income of approximately $0.2 million and used cash in operating activities of approximately $2.0 million for the fiscal year ended March 31, 2022. The current Intercreditor Revolving Credit Facility with Crestmark Bank is under an evergreen arrangement that terminates upon written notice by the Company and is subject to a termination fee if terminated by the Company anytime other than the annual renewal date of June 11. Our credit facility with Iron Horse Credit that was to expire on June 11, 2022, however absent any termination notice given by the Company to IHC, was automatically renewed for another twelve-month term and is subject to a termination fee if terminated by the Company prior to the twelve-month renewal date. The Company believes that our cash on hand, working capital (net of cash), cash expected to be generated from our operating forecast, along with the availability of cash from our credit facilities (See Note 6 – BANK FINANCING) will be adequate to meet the Company’s liquidity requirements for at least twelve months from the filing of this report.