NOTE 7. LEASES

12 Months Ended

Mar. 31, 2023

Notes

NOTE 7. LEASES

NOTE 7. LEASES

We conduct our operations in a leased facility under a non-cancellable lease expiring March 31, 2026. Our lease does not provide an implicit rate, so we used our incremental borrowing rate to determine the present value of lease payments. Lease expense is recognized on a straight-line basis over the lease term. Details of our operating lease are as follows:

	Year Ended March 31,
	2023			2022
Operating lease cost	$	151,014		$	170,062
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for leases	$	75,168		$	174,313
Remaining lease term (years)		3			4
Discount rate		3.5	%		3.5	%

The following table presents the maturities of lease liabilities as of March 31, 2023:

Year Ending March 31,	Operating Leases
2024		178,640
2025		182,271
2026		184,995
Total lease payments		545,906
Imputed lease interest		(27,200	)
Total lease liabilities	$	518,706