PROPERTY, PLANT, AND EQUIPMENT

9 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

NOTE 6 – PROPERTY, PLANT, AND EQUIPMENT

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


	December 31, 2024			March 31, 2024
Leasehold Improvements	$	257,009		$	257,009
Building		29,250,045			29,143,445
Furniture and Fixtures		450,432			439,990
Vehicles		102,948			153,254
Equipment		50,461,818			45,467,137
Tooling		143,710			143,710
Construction in Progress		1,754,998			2,785,616
Total property and equipment	$	82,420,960		$	78,390,161
Less accumulated depreciation		(24,988,818	)		(20,308,121	)
Net property and equipment	$	57,432,142		$	58,082,040

Depreciation expense for the three and nine months ended December 31, 2024 totaled $1,638,947 and $4,710,378, respectively. Of these totals $1,258,349 and $3,669,416 were included in cost of revenues for the three and nine months ended December 31, 2024, respectively. Additionally, $380,598 and $1,040,962 were included in depreciation and amortization expenses in operating expenses for the three and nine months ended December 31, 2024, respectively. Depreciation expense for the three and nine months ended December 31, 2023 totaled $1,486,889 and $4,246,935, respectively. Of these totals $1,229,128 and $3,560,117 were included in cost of revenues for the three and nine months ended December 31, 2023, respectively. Additionally, $257,761 and $686,818 were included in depreciation and amortization expenses in operating expenses for the three and nine months ended December 31, 2023, respectively.