Prepaids and Other Assets

12 Months Ended

Mar. 31, 2023

Disclosure Text Block Supplement [Abstract]

Other Current Assets [Text Block]

6. Prepaids and Other Assets

Prepaid expenses and other current assets consist of:

	March 31, 2023		March 31, 2022
Prepaid expenses	$	148,929	$	181,056
Deferred charges		24,720		24,204
Other receivables		643,976		38,780
	$	817,625	$	244,040

In March 2020, the Coronavirus Aid, Relief, and Economic Security Act was signed into law, providing numerous tax provisions and other stimulus measures, including the Employee Retention Tax Credit (“ERTC”): a refundable tax credit against certain employment taxes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 and the American Rescue Plan Act of 2021 extended and expanded the availability of the ERTC. We qualified for the ERTC in the first two quarters of 2021. During year ended March 31, 2023, we recorded an aggregate benefit of $628,401 in our consolidated financial statements and the receivable for the ERTC benefit as of March 31, 2023 is in other current assets, which was received June 1, 2023.