PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS

12 Months Ended

Mar. 31, 2021

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS

NOTE 5 - PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS

The Company’s property and equipment consisted of the following at the respective balance sheet dates:

	March 31, 2021			March 31, 2020
Website development	$	88,965		$	88,965
Automobile		31,596			31,596
Studio and office equipment		5,957			5,957
Tenant improvements		10,879			10,879
Intangible assets		1,024			1,024
		144,630			138,421
Accumulated depreciation and amortization		(123,545	)		(116,982	)
	$	21,085		$	21,439

Depreciation expense of property and equipment for the years ended March 31, 2021 and 2020 was $6,000 and $6,319, respectively.

Intangible assets consist of a trademark acquired March 31, 2017 and is being amortized over five years. Amortization expense for the years ended March 31, 2021 and 2020 was $307 and $461, respectively.