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INVENTORY CREDIT FACILITY	9 Months Ended
Dec. 31, 2023
Inventory Credit Facility
INVENTORY CREDIT FACILITY	NOTE 7 – 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 December 31, 2023, there was no outstanding balance of the Inventory Credit Facility. There was no interest expense for the three and nine months ended December 31, 2023. Interest expense recognized on the Inventory Credit Facility was $6,580 and $24,256 for the three and nine months ended December 31, 2022, respectively. On November 29, 2023, we provided FSW notice of termination of the agreement. The agreement terminated on December 29, 2023.

INVENTORY CREDIT FACILITY

9 Months Ended

Dec. 31, 2023

NOTE 7 – 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 December 31, 2023, there was no outstanding balance of the Inventory Credit Facility. There was no interest expense for the three and nine months ended December 31, 2023. Interest expense recognized on the Inventory Credit Facility was $6,580 and $24,256 for the three and nine months ended December 31, 2022, respectively.

On November 29, 2023, we provided FSW notice of termination of the agreement. The agreement terminated on December 29, 2023.