Commitments and Contingencies (Tables)

9 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Supplemental Information Related to Leases

Assets:
Operating lease - right-of-use assets	$	2,269,108
Finance leases as a component of property and equipment, net of accumulated depreciation of $16,582		26,945
Liabilities
Current
Current portion of operating leases	$	779,905
Current portion of finance leases		6,336
Noncurrent
Operating lease liabilities, net of current portion	$	1,540,226
Finance leases, net of current portion		-

	Three Months Ended		Nine Months Ended
	December 31, 2020		December 31, 2020
Operating lease expense as a component of general and administrative expenses	$	232,646	$	558,069
Finance lease cost
Depreciation of leased assets as a component of depreciation	$	1,555	$	4,664
Interest on lease liabilities as a component of interest expense	$	52	$	315
Supplemental cash flow information related to leases for the nine months ended December 31, 2020 is as follows:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow paid for operating leases			$	576,824
Financing cash flow paid for finance leases			$	11,167

Schedule of Lease term and Discount Rate

Lease term and Discount Rate
Weighted average remaining lease term (months)
Operating leases	33.0
Finance leases	5.0
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, 2020 are as follows:

Year ended December 31,	Operating Leases		Finance Leases
2021	$	911,000	$	6,000
2022		932,000		-
2023		674,000		-
2024		31,000		-
Total Minimum Future Payments		2,548,000		6,000
Less: Imputed Interest		228,000		-
Present Value of Lease Liabilities	$	2,320,000	$	6,000