6. Intangible Assets

12 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 6 – INTANGIBLE ASSETS

Intangible assets, net, consisted of the following at March 31, 2020:

	As of
	March 31, 2020
Licenses	$	142,248
Customer relationships		83,000
		225,248
Less:  accumulated amortization		(28,297	)
	$	196,951

Licenses are amortized over five years, whereas customer relationships are amortized over three years. Amortization expense related to these assets for the years ended March 31, 2020 amounted to $28,297.

Estimated amortization expense for each of the next five years:
Fiscal year ended March 31, 2021	$	56,116
Fiscal year ended March 31, 2022		56,116
Fiscal year ended March 31, 2023		49,200
Fiscal year ended March 31, 2024		28,450
Fiscal year ended March 31, 2025		7,069
	$	196,951