Commitments and Contingencies (Tables)

9 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of Supplemental Information Related to Leases

Supplemental balance sheet information related to leases as of December 31, 2019 is as follows:

Assets:
Operating lease - right-of-use assets	$	710,961
Finance leases as a component of property and equipment, net of accumulated depreciation of $10,363		33,163
Liabilities
Current
Current portion of operating leases	$	445,322
Current portion of finance leases		14,816
Noncurrent
Operating lease liabilities, net of current portion	$	349,880
Finance leases, net of current portion		6,340

Supplemental statement of operations information related to leases for the three and nine months ended December 31, 2019 is as follows:

		Three Months Ended		Nine Months Ended
		December 31 2019		December 31 2019
Operating lease expense as a component of general and administrative expenses	$	148,725	$	446,173
Finance lease cost
Depreciation of leased assets as a component of depreciation	$	1,554	$	4,664
Interest on lease liabilities as a component of interest expense	$	217	$	750
Supplemental cash flow information related to leases for the nine months ended December 31, 2019 is as follows:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow paid for operating leases			$	487,971
Financing cash flow paid for finance leases			$	10,757

Schedule of Lease term and Discount Rate

Lease term and Discount Rate
Weighted average remaining lease term (months)	32.6
Operating leases	17.0
Finance leases
Weighted average discount rate
Operating leases	6.25	%
Finance leases	3.68	%

Schedule of Future Minimum Rental Payments for Operating and Finance Leases

Scheduled maturities of operating and finance lease liabilities outstanding as of December 31, 2019 are as follows:

Year	Operating Leases		Finance Leases
2020, for the remaining 3 months	$	163,179	$	3,837
2021		348,531		15,347
2022		115,812		2,558
2023		117,638		-
2024		121,167		-
Total Minimum Future Payments		866,327		21,741
Less: Imputed Interest		71,125		585
Present Value of Lease Liabilities	$	795,202	$	21,156