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SUBSEQUENT EVENTS
6 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 16 – SUBSEQUENT EVENTS

 

Construction Loan Agreement

 

On October 14, 2021, the Company and one of its wholly-owned subsidiaries, entered into a Construction Loan Agreement with Hiawatha National Bank as reported in the Current Report on Form 8-K filed with the SEC on October 20, 2021.

 

Common Stock Issuances

 

On October 25, 2021, the Company held its 2021 Annual Meeting of Stockholders, where the stockholders approved the issuance of the 1,500,000 Additional Securities to Steven F. Urvan. Pursuant to the Merger Agreement, the Company agreed to issue the Additional Securities within 20 days following the stockholder approval and issued the Additional Securities on November 9, 2021.

 

Subsequent to September 30, 2021, the Company issued 50,000 shares of Common Stock to employees as compensation for a total value of $175,000 or $3.50 per share.