12. Leases (Tables)

9 Months Ended

Dec. 31, 2020

Leases [Abstract]

Summary of right-of-use asset

Right-of-use asset is summarized below:

	December 31, 2020
	Kokomo Lease			Valparaiso Lease			Total
Office lease	$	375,483		$	374,360		$	749,843
Less: accumulated amortization		(14,823	)		(24,694	)		(39,517	)
Right-of-use asset, net	$	360,660		$	349,666		$	710,326

Summary of operating lease liability

Operating lease liability is summarized below:

	December 31, 2020
	Kokomo Lease			Valparaiso Lease			Total
Office lease	$	362,707		$	349,666		$	712,373
Less: current portion		(55,519	)		(105,159	)		(160,678	)
Long term portion	$	307,188		$	244,507		$	551,695

Summary of maturity of lease liability

Maturity of the lease liability is as follows:

	December 31, 2020
	Kokomo Lease			Valparaiso Lease			Total
Fiscal year ending March 31, 2021	$	21,875		$	33,569		$	55,443
Fiscal year ending March 31, 2022		89,687			134,274			223,961
Fiscal year ending March 31, 2023		94,172			134,274			228,446
Fiscal year ending March 31, 2024		98,880			100,706			199,586
Fiscal year ending March 31, 2025		101,292			0			101,292
Fiscal year ending March 31, 2026		50,646			0			50,646
Present value discount		(93,846	)		(53,156	)		(147,002	)
Lease liability	$	362,707		$	349,666		$	712,373