XML 47 R33.htm IDEA: XBRL DOCUMENT v3.20.2
15. Income Taxes (Tables)
12 Months Ended
Mar. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of income tax expense
   Year ended
March 31, 2020
   Year ended
March 31, 2019
 
Federal  $   $ 
Current        
Deferred        
Total Federal        
State          
Current        
Deferred        
Total State        
Total income tax expense  $   $ 
Reconciliation of income tax expense
   Year ended
March 31, 2020
   Year ended
March 31, 2019
 
         
Statutory rate   -21.0%    -21.0% 
Change in valuation allowance   23.7%    24.5% 
State income taxes (net of federal tax benefit)   -3.5%    -3.5% 
Permanent differences (primarily gain from bargain purchase)   0.8%    0.0% 
Effective rate   0.0%    0.0% 
Schedule of deferred taxes
   Year ended   Year ended 
   March 31, 2020   March 31, 2019 
Deferred tax assets:          
Net operating loss carryover  $473,374   $249,845 
Total   473,374    249,845 
Valuation allowance   (459,538)   (249,845)
Net deferred assets   13,836     
Deferred tax liabilities:          
Property and equipment   (10,683)    
Intangible assets   (3,153)    
Net deferred assets and liabilities   (13,836)    
Total deferred tax liabilities  $   $