Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses and Other Current Liabilities

v3.20.2
Accrued Expenses and Other Current Liabilities
3 Months Ended
Jun. 30, 2020
Payables and Accruals [Abstract]  
Accrued Expenses and Other Current Liabilities

NOTE 5 — ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

 

Accrued expenses and other current liabilities consisted of the following at June 30, 2020 and March 31, 2020:

 

    June 30, 2020     March 31, 2020  
Bonus   $ 362,500     $  
Vacation     226,881       160,024  
Royalties     1,008       26,099  
Research and development     105,064       288,184  
Legal     82,019       151,357  
Accounting     166,965       126,543  
Deferred rent           77,597  
Warranty costs     29,165       30,119  
Payroll     96,501       35,052  
Patent and license fees     134,025       51,007  
Sales and use taxes     21,590       16,755  
Income taxes     8,100       8,100  
Interest     689       247,569  
Other     81,392       25,358  
    $ 1,315,899     $ 1,243,764