v3.22.0.1
LEASES (Tables)
9 Months Ended
Dec. 31, 2021
Leases  
Summary of right-of-use asset
                                   
   December 31, 2021 
   Kokomo
Lease
   Valparaiso Lease  

Merrill

Lease

   Tuscaloosa Lease  

Birmingham

Lease

  

Tuscaloosa Additional

Lease

   Total 
Office lease  $375,483   $374,360   $701,404   $222,087   $284,745   $77,119   $2,035,198 
Less: accumulated amortization   (77,434)   (129,853)   (94,697)   (52,766)   (30,289)   (996)   (386,035)
Right-of-use asset, net  $298,049   $244,507   $606,707   $169,321   $254,456   $76,123   $1,649,163 
Summary of operating lease liability
                                   
   December 31, 2021 
   Kokomo
Lease
   Valparaiso Lease  

Merrill

Lease

   Tuscaloosa Lease  

Birmingham

Lease

  

Tuscaloosa Additional

Lease

   Total 
Office lease  $307,187   $244,508   $673,147   $169,321   $254,456   $76,123   $1,724,742 
Less: current portion   (66,008)   (116,171)   (123,746)   (58,292)   (49,377)   (12,618)   (426,212)
Long term portion  $241,179   $128,336   $549,402   $111,029   $205,079   $63,505   $1,298,530 
Schedule of maturity of the lease liability
                                   
   December 31, 2021 
  

Kokomo

Lease

  

Valparaiso

Lease

  

Merrill

Lease

   Tuscaloosa Lease  

Birmingham

Lease

  

Tuscaloosa Additional

Lease

   Total 
Fiscal year ending March 31, 2022  $22,969   $33,569   $33,575   $18,000   $18,000   $4,875   $130,988 
Fiscal year ending March 31, 2023   94,172    134,274    201,450    72,000    72,000    19,500    593,396 
Fiscal year ending March 31, 2024   98,880    100,706    201,450    72,000    72,000    19,500    564,536 
Fiscal year ending March 31, 2025   101,292        201,450    30,000    72,000    19,500    424,242 
Fiscal year ending March 31, 2026   50,646        184,661        72,000    19,500    326,807 
Fiscal year ending March 31, 2027                   6,000    13,000    19,000 
Present value discount   (60,772)   (24,041)   (149,439)   (22,679)   (57,544)   (19,752)   (334,227)
Lease liability  $307,187   $244,508   $673,147   $169,321   $254,456   $76,123   $1,724,742