INTANGIBLE ASSETS

9 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 7 – INTANGIBLE ASSETS

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

	As of			As of
	December 31, 2022			March 31, 2022
Licenses	$	–		$	142,248
Software/website development		12,585			12,585
Customer relationships		–			60,322
		12,585			215,155
Less: accumulated amortization		(9,563	)		(169,940	)
	$	3,022		$	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 December 31, 2022 and 2021 amounted to $6,075 and $26,190, respectively. Amortization expense related to these assets for the nine months ended December 31, 2022 and 2021 amounted to $18,227 and $78,569, respectively.

Estimated amortization expense for each of the next five years: 

Fiscal year ended March 31, 2023	$	1,049
Fiscal year ended March 31, 2024		1,973
Total	$	3,022