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Long Term Debt (Tables)

6 Months Ended

Sep. 30, 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:

 Schedule of Long-Term Debt

		September 30, 2021				March 31, 2021
Credit facility		$	-			$	1,180,000
Unamortized debt issuance costs(1)			-				(25,051	)
Total long-term debt, net		$	-			$	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 $18,789 are included in Other noncurrent assets.

Summary of Line of Credit Activity

There was no balance outstanding on the line of credit as of September 30, 2021. The following table is a summary of activity on the WTNB line of credit for the six months ended September 30, 2021:

 Summary of Line of Credit Activity

		Principal
Balance at April 1, 2021:		$	1,180,000
Borrowings			275,000
Repayments			(1,455,000	)
Balance at September 30, 2021:		$	-

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

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