Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS

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RELATED PARTY TRANSACTIONS
9 Months Ended
Dec. 31, 2021
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

6. RELATED PARTY TRANSACTIONS

 

During the three months ended December 31, 2021, we accrued unpaid fees of $52,000 owed to our non-employee directors as of December 31, 2021. We also paid the relocation expenses, including a gross up for the expected income tax impact, of $200,041 in December 2021 for two senior executives that relocated to our headquarters as part of their employment arrangement. Amounts due to related parties were comprised of the following items:

       
    December 31,
2021
  March 31,
2021
Accrued Board fees   $ 52,000     $ 52,000  
Accrued vacation to all employees     78,375       66,520  
Total due to related parties   $ 130,375     $ 118,520