Lease Receivable

6 Months Ended

Sep. 30, 2021

Disclosure Of Lease Receivable [Abstract]

Lease Receivable

4. Lease Receivable

On December 12, 2017, the Company completed the sale of a constructed ENVI-Marine scrubber system under an energy management lease arrangement. The Company’s lease receivable as at September 30, 2021 and March 31, 2020, consists of an amount due from the customer under a long-term lease arrangement.

The payments to the Company under the lease arrangement are based on a quarterly payment of $118,000 per quarter and a final balancing payment through March 2022. The current portion presented below reflects the minimum expected payments per the lease arrangement for the next twelve months.

At the completion of the minimum required lease payments, the title of the asset transfers to the customer. No amount has been allocated to the residual value. Moreover, there are no other variable amounts involved in this lease arrangement.

	September 30, 2021 $		March 31, 2020 $
Current portion, expected within twelve months		179,819		406,366

Future lease payments forecasted in fiscal year end period is as follows:

	$
2021		183,114
Interest deemed hereunder		(3,295	)
Total		179,819