PROPERTY, PLANT, AND EQUIPMENT

6 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

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.