INTANGIBLE ASSETS

3 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

Intangible assets, net, consisted of the following at June 30, 2022 and March 31, 2021: 

	As of			As of
	June 30, 2022			March 31, 2022
Licenses	$	142,248		$	142,248
Software/website development		12,585			12,585
Customer relationships		60,322			60,322
		215,155			215,155
Less: accumulated amortization		(176,016	)		(169,940	)
	$	39,139		$	45,215

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 three months ended June 30, 2022 and 2021 amounted to $6,076 and $26,190, respectively.

Estimated amortization expense for each of the next five years: 

Fiscal year ended March 31, 2023	$	18,227
Fiscal year ended March 31, 2024		20,912
Total	$	39,139