FAIR VALUE (Tables)

3 Months Ended

Jun. 30, 2022

Fair Value Measurements, Recurring and Nonrecurring

The carrying amounts and estimated fair values of financial assets and liabilities disclosed but not carried at fair value and their level within the fair value hierarchy are summarized below.


		June 30, 2022				March 31, 2022
	Input Level	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
ASSETS
Cash and cash equivalents	1	$	13,302,590	$	13,302,590	$	19,236,322	$	19,236,322
Loans receivable, net	3	1,038,856,856		1,038,856,856		985,515,154		985,515,154

LIABILITIES
Senior unsecured notes payable	2	300,000,000		215,250,000		300,000,000		264,639,000
Senior notes payable	3	481,393,450		481,393,450		396,972,746		396,972,746

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details