Item 1A. Risk Factors
ITEM 1A. RISK FACTORS
The
following risk factor supplements the Risk Factors disclosed in Item 1A of our Annual Report on Form 10-K for the fiscal year
ended March 31, 2022.
We maintain an amount
of outstanding indebtedness, which could impair our ability to operate our business and react to changes in our business, remain in compliance
with debt covenants and make payments on our debt.
We maintain an amount
of outstanding indebtedness, which could impair our ability to operate our business and react to changes in our business, remain in compliance
with debt covenants and make payments on our debt. Our level of indebtedness could require a significant portion of our cash flow from
operations to be dedicated to the payment of principal and interest on our indebtedness, therefore reducing our ability to use our cash
flow to fund our operations, capital expenditures and future business opportunities.
In addition, our current
credit facilities contain, and any future credit facilities will likely contain, covenants and other provisions that restrict our operations.
These restrictive covenants and provisions could limit our ability to obtain future financing, make needed capital expenditures, withstand
a future downturn in our business or the economy in general, or otherwise conduct necessary corporate activities, and may prevent us from
taking advantage of business opportunities that arise in the future. If we refinance our credit facilities, we cannot guarantee that any
new credit facility will not contain similar covenants and restrictions.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
None.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not Applicable.
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