Commitments and Contingencies (Tables)

12 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Supplemental Information Related to Leases

Supplemental balance sheet information related to leases as of March 31, 2020 is as follows:

Assets:
Operating lease - right-of-use assets	$	573,874
Finance leases as a component of property and equipment, net of accumulated depreciation of $11,918		31,608
Liabilities
Current
Current portion of operating leases	$	321,389
Current portion of finance leases		14,953
Noncurrent
Operating lease liabilities, net of current portion	$	322,263
Finance leases, net of current portion		2,550

Schedule of Lease term and Discount Rate

Supplemental statement of operations information related to leases for the fiscal year ended March 31, 2020 is as follows:

	Fiscal Year Ended
	March 31, 2020
Operating lease expense as a component of general and administrative expenses	$	534,456
Finance lease cost
Depreciation of leased assets as a component of depreciation	$	6,218
Interest on lease liabilities as a component of interest expense	$	894
Supplemental cash flow information related to leases for the nine months ended March 31, 2020 is as follows:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow paid for operating leases	$	651,158
Financing cash flow paid for finance leases	$	14,410
Lease term and Discount Rate
Weighted average remaining lease term (months)		29.6
Operating leases		14.0
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 March 31, 2020 are as follows:

Fiscal Year	Operating Leases		Finance Leases
2021	$	479,599	$	15,347
2022		180,300		2,558
2023		179,117		-
Total Minimum Future Payments		839,016		17,905
Less: Imputed Interest		195,364		402
Present Value of Lease Liabilities	$	643,652	$	17,503