Quarterly report pursuant to Section 13 or 15(d)

7. RELATED PARTY TRANSACTIONS

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7. RELATED PARTY TRANSACTIONS
9 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

7. RELATED PARTY TRANSACTIONS

 

During the three months ended December 31, 2020, we accrued unpaid fees of $69,292 owed to our non-employee directors as of December 31, 2020.

 

As a result of entering into a Separation Agreement on October 30, 2020 with our former Chief Executive Officer, or CEO, Timothy Rodell, M.D., or the Separation Agreement, we paid out accrued vacation of $20,260 to Dr. Rodell in the three months ended December 2020 (see Note 8 and Note 13). That accrued vacation was previously recorded in the due to related parties account.

 

Amounts due to related parties were comprised of the following items:

 

    December 31,
2020
    March 31,
2020
 
Accrued Board fees   $ 69,292     $ 69,750  
Accrued vacation to all employees     62,454       41,957  
Total due to related parties   $ 131,746     $ 111,707