INTANGIBLE ASSETS

12 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

Intangible assets, net, consisted of the following at March 31, 2022 and 2021: 

	As of			As of
	March 31, 2022			March 31, 2021
Licenses	$	142,248		$	142,248
Software/website development		12,585			12,585
Customer relationships		60,322			170,031
		215,155			324,864
Less:  accumulated amortization		(169,940	)		(99,974	)
	$	45,215		$	224,890

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 years ended March 31, 2022 and 2021 amounted to $168,729 and $71,677, respectively.

Estimated amortization expense for each of the next five years: 

Fiscal year ended March 31, 2023	$	24,303
Fiscal year ended March 31, 2024		20,912
Total	$	45,215