Quarterly report pursuant to Section 13 or 15(d)

13. COMMITMENTS AND CONTINGENCIES (Tables)

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13. COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Lease commitments

Future minimum lease payments under the Granite Ridge Lease as of December 31, 2019, are as follows:

 

January 1, 2020 through March 31, 2020   $ 24,795  
April 1, 2020 through March 31, 2021     102,074  
April 1, 2021 through August 31, 2021     43,670  
Total future minimum lease payments     170,539  
Less: discount     (6,132 )
Total lease liability   $ 164,407