Quarterly report pursuant to Section 13 or 15(d)

13. COMMITMENTS AND CONTINGENCIES (Tables)

v3.20.4
13. COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Lease commitments

Future minimum lease payments under the Granite Ridge Lease as of December 31, 2020, are as follows:

 

January 1, 2021 through March 31, 2021   $ 25,663  
April 1, 2021 through August 31, 2021     43,670  
Total future minimum lease payments     69,333  
Less: discount     (1,635 )
Total lease liability   $ 67,698