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INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

SCHEDULE OF INCOME TAX PROVISION BENEFIT

The income tax (provision) benefit for the periods shown consist of the following:

		For the year ended March 31,
		2024				2023				2022
		(Restated)				(Restated)				(Restated)
Current
US Federal		$	-			$	-			$	(2,628,241	)
US State			-				-				(765,545	)
Total current provision			-				-				(3,393,786	)
Deferred
US Federal			2,986,152				(492,171	)			(6,675,540	)
US State			819,966				(220,068	)			(1,374,865	)
Total deferred benefit			3,806,118				(712,239	)			(8,050,405	)
Change in valuation allowance			-				-				9,401,273
Income tax (provision) benefit		$	3,806,118			$	(712,239	)		$	(2,042,918	)

SCHEDULE OF RECONCILIATION OF INCOME TAX

The reconciliation of income tax expense computed at the U.S. federal statutory rate of 21% to the income tax provision is as follows:

		For the Year Ended March 31,
		2024					2023					2022
		(Restated)					(Restated)					(Restated)
U.S. Federal			21.0		%			21.0		%			21.0		%
State taxes, net of Federal income tax benefit			5.6		%			6.0		%			5.7		%
Change in valuation allowance			0.0		%			0.0		%			(33.7	)	%
Employee stock awards			(7.4	)	%			(33.3	)	%			7.0		%
Equity issuance costs			0.0		%			0.0		%			6.2		%
Stock and warrants on note conversion			0.0		%			(1.9	)	%			1.4		%
Stock for services			0.0		%			0.0		%			0.0		%
Non-deductible meals and entertainment			(0.1	)	%			(0.4	)	%			0.1		%
Contingent consideration fair value			0.1		%			0.2		%			(0.4	)	%
Return to provision			0.0		%			0.0		%			0.0		%
Other			(0.4	)	%			(0.3	)	%			0.0		%
Total provision for income taxes			18.7		%			(8.8	)	%			7.3		%

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

Significant components of the Company’s deferred tax liabilities and assets are as follows:

		As of March 31,
		2024				2023				2022
Deferred tax assets		(Restated)				(Restated)				(Restated)
Net operating loss carryforward		$	5,229,409			$	731,597			$	—
Loss on purchase			2,215,611				2,210,878				2,225,477
Amortization			(1,029,565	)			(52,658	)			887,892
Bad debt allowance			973,565				860,314				814,967
Other			297,195				(137,835	)			(335,847	)
Total deferred tax assets		$	7,686,215			$	3,612,296			$	3,592,489
Deferred tax liabilities
Depreciation expense		$	(3,580,271	)		$	(3,510,041	)		$	(3,082,977	)
Sec 263A		$	1,001,457			$	1,191,918			$	1,302,919
True up		$	(699,910	)		$	(698,417	)		$	(461,563	)
Other			—				—				—
Total deferred tax liabilities		$	(3,278,724	)		$	(3,016,540	)		$	(2,241,621	)
Net deferred tax assets/(liabilities)		$	4,407,491			$	595,756			$	1,350,868
Valuation allowance			—				—				—
Net deferred tax assets/(liabilities)		$	4,407,491			$	595,756			$	1,350,868

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

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