PROPERTY, PLANT, AND EQUIPMENT

3 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

NOTE 8 – PROPERTY, PLANT, AND EQUIPMENT

Property and equipment consisted of the following at June 30, 2024 and March 31, 2024:


	June 30, 2024			March 31, 2024
Leasehold Improvements	$	257,009		$	257,009
Building		29,243,613			29,143,445
Furniture and Fixtures		450,432			439,990
Vehicles		153,254			153,254
Equipment		46,546,451			45,467,137
Tooling		143,710			143,710
Construction in Progress		3,014,885			2,785,616
Total property and equipment	$	79,809,354		$	78,390,161
Less accumulated depreciation		(21,810,421	)		(20,308,121	)
Net property and equipment	$	57,998,933		$	58,082,040

Depreciation expense for the three months ended June 30, 2024 and 2023 totaled $1,502,965 and $1,353,327, respectively. Of these total, $1,187,520 and $1,152,678 were included in cost of goods sold for the three months ended June 30, 2024 and 2023, respectively. Additionally, $315,445 and $200,648 were included in depreciation and amortization expenses in operating expenses for the three months ended June 30, 2024 and 2023, respectively.