6. Intangible Assets

9 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 6 – INTANGIBLE ASSETS

Intangible assets, net, consisted of the following at December 31, 2020 and March 31, 2020:

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

Licenses		$	142,248			$	142,248
Software/website development			12,585				–
Customer relationships			156,020				83,000
			310,853				225,248
Less: accumulated amortization			(77,642	)			(28,297	)
		$	233,211			$	196,951

Licenses are amortized over five years, whereas customer relationships and software/website development are amortized over three years. Amortization expense related to these assets for the nine months ended December 31, 2020 and 2019 amounted to $49,346 and $0, respectively.

Estimated amortization expense for each of the next five years:

Fiscal year ended March 31, 2021		$	21,164
Fiscal year ended March 31, 2022			84,651
Fiscal year ended March 31, 2023			77,735
Fiscal year ended March 31, 2024			42,592
Fiscal year ended March 31, 2025			7,069
Total		$	233,211