Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.20.2
Intangible Assets (Tables)
 12 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of payments for transfer of technology
Balance due as of March 31, 2016   $ 175,000  
Payment on transfer of technology - April 29, 2016     (75,000 )
Payment on first anniversary of effective date - January 31, 2017     (100,000 )
Balance due as of March 31, 2017     -  
Increase in purchase price of intellectual property - May 1, 2017     200,000  
Payment on second anniversary of effective date - January 31, 2018     (50,000 )
Balance due as of March 31, 2018     150,000  
Payment on July 30, 2018     (50,000 )
Balance due as of March 31, 2019     100,000  
Balance due as of March 31, 2020   $ 100,000  
Schedule of carrying amounts for research license
    March 31,     March 31,  
    2020     2019  
    (Unaudited)        
Research license   $ 375,000     $ 375,000  
Total     375,000       375,000  
Accumulated amortization     (139,993 )     (99,593 )
Research license, net   $ 235,007     $ 275,407  
Schedule of estimated amortization for research license
    Estimated
Amortization
Expense		  
2021   $ 40,290  
2022     40,290  
2023     40,290  
2024     40,400  
2025     40,290  
Thereafter     33,447  
Total   $ 235,007  

 

    Estimated
Amortization
Expense		  
2020   $ 40,400  
2021     40,290  
2022     40,290  
2023     40,290  
Thereafter     114,137  
Total   $ 275,407