Annual report pursuant to Section 13 and 15(d)

28. Commitments and Contingent Liabilities

v3.19.2
28. Commitments and Contingent Liabilities
 12 Months Ended
Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingent Liabilities

The table below shows approximate lease commitments and other contingent liabilities of the Company as of March 31, 2019:

 

  Payments Due By Period  
  Total   Less than 1 year   1-3 years   3-5 years   More than 5 years  
Operating Leases:                    
Office Leases(1)   $ 11,871     $ 5,599     $ 6,272     $   -     $   -  

 

Total Operating Leases

   $ 11,871     $ 5,599     $ 6,272     $ -     $ -  

 

(1) The Company has number of lease agreements for office spaces in different locations. In general, all agreements are made for a one-year period with extension or termination provisions, except two lease agreements with longer lease terms.

 

The Company’s rent expense for office space was $4,819 and $2,661 for the year ended March 31, 2019 and 2018, respectively.