Annual report pursuant to Section 13 and 15(d)

4. BANK LOAN

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4. BANK LOAN
12 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
BANK LOAN

On January 10, 2017, the Company entered into a promissory note with Community National Bank for $245,000, at an annual interest rate of 5% and a maturity date of January 10, 2020 (the “CNB Note”). The CNB Note is secured by certain real property owned by the Company in LaCoste, Texas, and is also personally guaranteed by the Company’s President, as well as certain shareholders of the Company. The balance of the CNB Note is $228,759 at March 31, 2019 and $236,413 at March 31, 2018, $7,497 of which was in current liabilities.