v3.21.2

INTANGIBLE ASSETS | 3 Months Ended
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Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | NOTE 6 – INTANGIBLE ASSETS Intangible assets, net, consisted of the following:
Intangible assets |  |  |  |  |  |
|  | As of |  |  | As of |
|  | June 30, 2021 |  |  | March 31, 2021 |
Licenses |  | $ | 142,248 |  |  | $ | 142,248 |
Customer relationships |  |  | 216,343 |  |  |  | 170,031 |
Software development |  |  | 12,585 |  |  |  | 12,585 |
|  |  | 371,176 |  |  |  | 324,864 |
Less: accumulated amortization |  |  | (126,163 | ) |  |  | (99,974 | )
|  | $ | 245,013 |  |  | $ | 224,890 |
Licenses are amortized over five years, whereas customer relationships are amortized over three 3 years. Amortization expense related to these assets for the three months ended June 30, 2021 and 2020 amounted to $26,190 and $14,029 respectively.
Estimated amortization expense |  |  |
Estimated amortization expense for each of the next five years:
Fiscal year ended March 31, 2022 |  | $ | 78,569 |
Fiscal year ended March 31, 2023 |  |  | 97,842 |
Fiscal year ended March 31, 2024 |  |  | 61,533 |
Fiscal year ended March 31, 2025 |  |  | 7,069 |
Total |  | $ | 245,013 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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