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PROPERTY, PLANT, AND EQUIPMENT | 6 Months Ended
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Sep. 30, 2024
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT, AND EQUIPMENT | NOTE 6 – PROPERTY, PLANT, AND EQUIPMENT Property and equipment consisted of the following at September 30, 2024 and March 31, 2024:
|  | September 30, 2024 |  |  | March 31, 2024 |
Leasehold Improvements |  | $ | 257,009 |  |  | $ | 257,009 |
Building |  |  | 29,318,791 |  |  |  | 29,143,445 |
Furniture and Fixtures |  |  | 450,432 |  |  |  | 439,990 |
Vehicles |  |  | 153,254 |  |  |  | 153,254 |
Equipment |  |  | 49,350,457 |  |  |  | 45,467,137 |
Tooling |  |  | 143,710 |  |  |  | 143,710 |
Construction in Progress |  |  | 1,564,067 |  |  |  | 2,785,616 |
Total property and equipment |  | $ | 81,237,720 |  |  | $ | 78,390,161 |
Less accumulated depreciation |  |  | (23,377,276 | ) |  |  | (20,308,121 | )
Net property and equipment |  | $ | 57,860,444 |  |  | $ | 58,082,040 |
Depreciation expense for the three and six months ended September 30, 2024 totaled $1,568,466 and $3,071,431, respectively. Of these totals $1,223,349 and $2,410,869 were included in cost of revenues for the three and six months ended September 30, 2024, respectively. Additionally, $345,118 and $660,563 were included in depreciation and amortization expenses in operating expenses for the three and six months ended September 30, 2024, respectively. Depreciation expense for the three and six months ended September 30, 2023 totaled $1,406,719 and $2,760,046, respectively. Of these totals $1,178,311 and $2,330,989 were included in cost of revenues for the three and six months ended September 30, 2023, respectively. Additionally, $228,408 and $429,057 were included in depreciation and amortization expenses in operating expenses for the three and six months ended September 30, 2023, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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