DEBT |
12 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Debt Disclosure [Abstract] | |
| DEBT | NOTE 9 – DEBT
The Company repaid in full its long-term debt - other during the year ended March 31, 2026. Prior to repayment, the outstanding balance consisted of an equipment loan bearing interest at 5.28% per annum, with a contractual maturity date of March 12, 2027. Interest expense related to this loan was de minimis for each of the years ended March 31, 2026, and 2025.
The Company had no outstanding short-term business loans as of March 31, 2026. From time to time, the Company utilizes a margin loan facility with Charles Schwab, which bears interest at a floating rate, which was approximately 10% per annum as of March 31, 2026. Borrowings under this facility are generally repaid from the proceeds of stock and option transactions and are collateralized by the Company’s investments in equity securities.
Interest expense related to the margin loan was approximately $14,000 and $10,000 for the years ended March 31, 2026, and 2025, respectively.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- 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
|