6. Intangible Assets

9 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 6 – INTANGIBLE ASSETS

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

	As of			As of
	December 31, 2020			March 31, 2020
Licenses	$	142,248		$	142,248
Software/website development		12,585			–
Customer relationships		156,020			83,000
		310,853			225,248
Less:  accumulated amortization		(77,642	)		(28,297	)
	$	233,211		$	196,951

Licenses are amortized over five years, whereas customer relationships and software/website development are amortized over three years. Amortization expense related to these assets for the nine months ended December 31, 2020 and 2019 amounted to $49,346 and $0, respectively.

Estimated amortization expense for each of the next five years:

Fiscal year ended March 31, 2021	$	21,164
Fiscal year ended March 31, 2022		84,651
Fiscal year ended March 31, 2023		77,735
Fiscal year ended March 31, 2024		42,592
Fiscal year ended March 31, 2025		7,069
Total	$	233,211