Note 7 - Line of Credit

12 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Debt Disclosure [Text Block]

NOTE

7

– LINE OF CREDIT

On

June 15, 2018,

the Company obtained an unsecured revolving line of credit, with a limit of

$400,000.

  The line expires

May 15, 2021

,

renewing automatically every year.  The Company is required to make monthly interest payments, at a rate of

5.37%.

  Any unpaid principal will be due upon maturity.  As of

March 31, 2020

and

2019,

the outstanding balance was

$30,000

and

$169,885,

respectively.