Commitments and Contingencies (Tables)

12 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Supplemental Information Related to Leases

Supplemental balance sheet information related to leases as of March 31, 2021 is as follows:

Assets:
Operating lease - right-of-use assets	$	2,074,115
Finance leases as a component of property and equipment, net of accumulated depreciation of $18,136		25,390
Liabilities
Current
Current portion of operating leases	$	794,938
Current portion of finance leases		2,546
Noncurrent
Operating lease liabilities, net of current portion	$	1,334,010
Finance leases, net of current portion		-

Supplemental statement of operations information related to leases for the fiscal year ended March 31, 2021 is as follows:

	Fiscal Year Ended
	March 31, 2021
Operating lease expense as a component of general and administrative expenses	$	790,715
Finance lease cost
Depreciation of leased assets as a component of depreciation	$	6,218
Interest on lease liabilities as a component of interest expense	$	370
Supplemental cash flow information related to leases for the nine months ended March 31, 2021 is as follows:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow paid for operating leases	$	805,662
Financing cash flow paid for finance leases	$	14,957

Schedule of Lease term and Discount Rate

Lease term and Discount Rate
Weighted average remaining lease term (months)	30.0
Operating leases	2.0
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, 2021 are as follows:

Fiscal Year	Operating Leases		Finance Leases
2022	$	682,373	$	2,558
2023		931,948		-
2024		674,488		-
2025		30,739		-
Total Minimum Future Payments		2,319,548		2,558
Less: Imputed Interest		190,600		12
Present Value of Lease Liabilities	$	2,128,948	$	2,546