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Inventory Credit Facility	12 Months Ended
Mar. 31, 2021
Inventory Credit Facility
Inventory Credit Facility	NOTE 6 – INVENTORY CREDIT FACILITY On June 17, 2020, we entered into a Revolving Inventory Loan and Security Agreement with FSW. FSW will establish a revolving credit line, and make loans from time to time to the Company for the purpose of providing capital. The twenty-four month agreement secured by our inventory, among other assets, contains a maximum loan amount of $1,750,000 on eligible inventory and has an annualized interest rate of the greater of the three-month LIBOR rate plus 3.09% or 8%. The agreement contains a fee of 2% of the maximum loan amount ($35,000) assessed to the Company. On July 31, 2020, the Company amended its Revolving Loan and Security Agreement to increase the maximum inventory loan amount to $2,250,000. As of March 31, 2021, the outstanding balance of the Inventory Credit Facility was $1,091,098. Interest expense recognized on the Inventory Credit Facility was $171,414, including $36,439 of amortization of the annual fee. There was no interest expense for the comparable period ending March 31, 2020 as this transaction was not yet consummated.

Inventory Credit Facility

12 Months Ended

Mar. 31, 2021

NOTE 6 – INVENTORY CREDIT FACILITY

On June 17, 2020, we entered into a Revolving Inventory Loan and Security Agreement with FSW. FSW will establish a revolving credit line, and make loans from time to time to the Company for the purpose of providing capital. The twenty-four month agreement secured by our inventory, among other assets, contains a maximum loan amount of $1,750,000 on eligible inventory and has an annualized interest rate of the greater of the three-month LIBOR rate plus 3.09% or 8%. The agreement contains a fee of 2% of the maximum loan amount ($35,000) assessed to the Company. On July 31, 2020, the Company amended its Revolving Loan and Security Agreement to increase the maximum inventory loan amount to $2,250,000. As of March 31, 2021, the outstanding balance of the Inventory Credit Facility was $1,091,098. Interest expense recognized on the Inventory Credit Facility was $171,414, including $36,439 of amortization of the annual fee. There was no interest expense for the comparable period ending March 31, 2020 as this transaction was not yet consummated.