Quarterly report pursuant to Section 13 or 15(d)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Activity of Level 3 liabilities

Derivatives

 

    2019     2018  
Derivative liability balance at beginning of period   $ 157,000     $ 3,455,000  
Additions to derivative liability for new debt     --       1,897,000  
Reclass to equity upon conversion or redemption     (8,000 )     (2,552,500 )
Change in fair value     (19,000 )     (1,116,500 )
Balance at end of period   $ 130,000     $ 1,683,000  

 

Warrant liability

 

    2019     2018  
Warrant liability balance at beginning of period   $ 93,000     $ 277,000  
Reclass to equity upon exercise     -       (150,000 )
Change in fair value     -       47,000  
Balance at end of period   $ 93,000     $ 174,000  

 

Estimated useful lives
Buildings 27.5 – 39 years
Other Depreciable Property 5 – 10 years
Furniture and Fixtures 3 – 10 years