Operating Lease Liability (Tables)

12 Months Ended

Mar. 31, 2021

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under non-cancelable operating leases with terms of more than one year to the total lease liabilities recognized on the consolidated balance sheet as of March 31, 2021:

2022	$	242,038
2023		254,840
2024		254,840
2025		254,840
2026		267,767
Thereafter		946,415
Total undiscounted future minimum lease payments		2,220,740
Less: Difference between undiscounted lease payments and discounted lease liabilities		(297,936	)
Present value of net minimum lease payments		1,922,804
Less current portion		(201,883	)
Operating lease liabilities – long-term	$	1,720,921