Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3
Leases (Tables)
6 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule of operating lease expense is recognized on a straight-line basis over the lease term

Lease cost      
Operating lease expense*   $ 205,791  
Term and discount rate        
Lease term (years)     4.75  
Discount rate**     4.50 %

 

* Including right of use amortization and imputed interest
** The Company determined the discount rate with reference to mortgages of similar tenure and terms.
Schedule of minimum annual lease payments

Fiscal Year   $  
       
2020 (remainder of year)     -  
2021     385,510  
2022     385,510  
2023     385,510  
2024     289,132  
Total future minimum lease payments     1,445,662  
Imputed interest     (147,171 )
         
Operating lease obligations     1,298,491