NOTE 10. LEASES

3 Months Ended

Jun. 30, 2023

Notes

NOTE 10. LEASES

NOTE 10. 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 interest 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:

	Quarter Ended June 30, 2023
Operating lease cost	$	37,754
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for leases	$	44,433
Remaining lease term	33 months
Discount rate		3.5	%

The following table shows the maturities of lease liabilities as of June 30, 2023:

Year Ending March 31,	Operating Lease Liabilities
2024	$	134,207
2025		182,271
2026		184,995
Total lease payments		501,473
Imputed lease interest		(22,919	)
Total lease liabilities	$	478,554