v3.21.2
5. Property and Equipment
 12 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment, net, consisted of the following at March 31, 2021 and 2020:

 

   March 31, 2021   March 31, 2020 
         
Gym equipment  $420,880   $163,147 
Cages   132,350    124,025 
Event assets   92,117    61,319 
Furniture and fixtures   16,766    – 
Production truck gear   11,740    – 
Production equipment   32,875    30,697 
Venue lighting system   37,250    – 
Leasehold improvements   43,712    – 
Electronics hardware and software   124,624    11,845 
Trucks trailers and vehicles   197,921    11,210 
    1,110,235    402,243 
Less:  accumulated depreciation   (165,236)   (50,850)
   $944,999   $351,393 

  

Depreciation expense related to these assets for the years ended March 31, 2021 and 2020 amounted to $114,386 and $34,443, respectively.