Quarterly report pursuant to Section 13 or 15(d)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.2
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Activity of Level 3 liabilities

Derivatives

 

    2020     2019  
Derivative liability balance at beginning of period   $ 176,000     $ 157,000  
Reclass to equity upon conversion or redemption     (205,000 )     -  
Change in fair value     29,000       (16,000 )
Balance at end of period   $ -     $ 141,000  

 

Warrant liability

 

    2020     2019  
Warrant liability balance at beginning of period   $ 90,000     $ 92,000  
Reclass to equity upon cancellation or exercise     (90,000 )     -  
Change in fair value     -       -  
Balance at end of period   $ -     $ 92,000  

 

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