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DEBT (Tables) | 12 Months Ended
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Mar. 31, 2022
DEBT |
Schedule of outstanding debt obligations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Long-term debt included the following as of: |  | March 31, 2022 |  | March 31, 2021
Stadco Term Loan, at 3.79% interest, due August 2028 | ​ | $ | 3,705,792 | ​ | $ | —
Ranor Term Loan, at 5.21% interest, due September 2022 | ​ | ​ | 2,363,126 | ​ | ​ | 2,466,408
Ranor Revolver Loan, at 2.75% interest, due December 2022 | ​ | ​ | 1,287,002 | ​ | ​ | —
SBA PPP Loan, at 1% interest, due May 2022 | ​ | ​ | — | ​ | ​ | 1,317,100
Obligations under finance lease | ​ |  | — | ​ |  | 45,663
Total debt | ​ | $ | 7,355,920 | ​ | $ | 3,829,171
Less: debt issue costs unamortized | ​ | $ | 147,905 | ​ | $ | 12,270
Total debt, net | ​ | $ | 7,208,015 | ​ | $ | 3,816,901
Less: Current portion of long-term debt | ​ | $ | 4,093,079 | ​ | $ | 2,474,963
Total long-term debt, net | ​ | $ | 3,114,936 | ​ | $ | 1,341,938
Scheduled principal maturities for our long-term debt | ​
​ | ​ | ​ | ​
2023 |  | $ | 4,169,426
2024 | ​ |  | 539,324
2025 | ​ |  | 560,701
2026 | ​ |  | 582,630
2027 | ​ |  | 605,417
Thereafter | ​ |  | 898,422
Total | ​ | $ | 7,355,920

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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