5. Property and Equipment

9 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment, net, consisted of the following at December 31, 2020 and March 31, 2020:

	As of			As of
	December 31, 2020			March 31, 2020
Gym equipment	$	304,351		$	163,147
Cages		124,025			124,025
Event assets		79,531			61,319
Furniture and fixtures		4,419			–
Production truck gear		11,740			–
Production equipment		30,697			30,697
Venue lighting system		14,250			–
Leasehold improvements		15,200			–
Electronics hardware and software		55,587			11,845
Trucks trailers and vehicles		73,649			11,210
		713,449			402,243
Less:  accumulated depreciation		(120,875	)		(50,850	)
	$	592,574		$	351,393

Depreciation expense related to these assets for the nine months ended December 31, 2020 and 2019 amounted to $70,025 and $20,245, respectively.