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Leases (Tables)
9 Months Ended 12 Months Ended
Dec. 31, 2019
Mar. 31, 2019
Leases [Abstract]    
Schedule of Future Minimum Lease Payments Under Non-cancellable Leases

Futures minimum lease payments under non-cancellable leases as of December 31, 2019 are as follows:

 

Years Ended March 31,      
2020   $ 173,307  
2021     693,229  
2022     693,229  
2023     693,229  
2024     640,118  
Thereafter     2,168,932  
      5,062,044  
Less: Interest     (893,273 )
    $ 4,168,771  

 
Summary of Right of Use Assets and Operating Lease Liabilities

Right of Use Assets and Operating Lease Liabilities on the Balance Sheet:

 

    December 31, 2019  
Current portion   $ 496,095  
Long-term, net of current portion     3,672,676  
    $ 4,168,771  

 
Schedule of Future Minimum Rental Payments for Operating Leases  

The following table outlines our future contractual financial obligations associated with this lease by fiscal year in which payment is expected, as of March 31, 2019:

 

    2020     2021     2022     Total  
Payson Lease   $ 120,000     $ 120,000     $ 80,000     $ 320,000  
                                 

 

The following table outlines our future contractual financial obligations associated with this lease by fiscal period in which payment is expected, as of March 31, 2019:

 

    2020     2021     2022     2023     2024     Total  
Scottsdale Lease   $ 216,591     $ 226,587     $ 236,583     $ 246,580     $ 147,240     $ 1,073,581  
                                                 

 

Our ammunition casing operations are located in Manitowoc, Wisconsin where we lease approximately 50,000 square feet. The terms of the lease provide for a monthly payment of approximately $32,844. The lease expires in March of 2026 and can be renewed every three years thereafter.

 

The following table outlines our future contractual financial obligations associated with this lease by fiscal period in which payment is expected, as of March 31, 2019:

 

    2020     2021     2022     2023     2024     2025     2026     Total  
Manitowoc Lease   $ 394,128     $ 394,128     $ 394,128     $ 394,128     $ 394,128     $ 394,128     $ 394,128     $ 2,758,896