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Commitments and Contingencies
12 Months Ended
Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

10. COMMITMENTS AND CONTINGENCIES

 

On January 8, 2016, the Company entered into a 40-month lease agreement for its office premises in California, USA. The monthly rent from the date of commencement to the 12th month is $16,530, from the 13th to the 24th month is $17,026, from the 25th to the 36th month is $17,536, whereas the final 4 months is $18,062. This term of this lease was extended to June 30, 2021, with monthly rent from July 1, 2019 to June 30, 2020 and July 1, 2020 to June 30, 2021 increased to $18,618 and $19,176, respectively.

 

There are no claims against the company that were assessed as significant, which were outstanding as at March 31, 2019 and, consequently, no provision for such has been recognized in the consolidated financial statements.