5. Property and Equipment

9 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment, net, consisted of the following at December 31, 2020 and March 31, 2020:

		As of				As of
		December 31, 2020				March 31, 2020

Gym equipment		$	304,351			$	163,147
Cages			124,025				124,025
Event assets			79,531				61,319
Furniture and fixtures			4,419				–
Production truck gear			11,740				–
Production equipment			30,697				30,697
Venue lighting system			14,250				–
Leasehold improvements			15,200				–
Electronics hardware and software			55,587				11,845
Trucks trailers and vehicles			73,649				11,210
			713,449				402,243
Less: accumulated depreciation			(120,875	)			(50,850	)
		$	592,574			$	351,393

Depreciation expense related to these assets for the nine months ended December 31, 2020 and 2019 amounted to $70,025 and $20,245, respectively.