Note 5 - Line of Credit |
12 Months Ended |
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Mar. 31, 2025 | |
| Notes to Financial Statements | |
| Debt Disclosure [Text Block] |
NOTE 5 – LINE OF CREDIT
On June 15, 2018, the Company obtained an unsecured revolving line of credit, with a limit per annum of $400,000. The line expires May 15, 2025, renewing automatically every year. The Company is required to make monthly interest payments, at a rate of 8.87% and 5.37% as of March 31, 2025 and 2024, respectively. Any unpaid principal will be due upon maturity. As of March 31, 2025 and 2024, the outstanding balance was $377,161 and $389,530, respectively. |
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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