SUPPLEMENTAL BALANCE SHEET INFORMATION

3 Months Ended

Jun. 30, 2025

Balance Sheet Related Disclosures [Abstract]

NOTE 5 – SUPPLEMENTAL BALANCE SHEET INFORMATION

Accounts Receivable

Our net accounts receivable are summarized as follows:


	June 30, 2025			March 31, 2025
Accounts receivable	$	12,544,721		$	13,994,499
Less: allowance for credit losses		(3,596,273	)		(3,805,488	)
Accounts receivable, net	$	8,948,448		$	10,189,011

The following presents a reconciliation of our allowance for credit losses for the periods presented:


April 1, 2025		3,805,488
Increase in allowance		168,500
Write-off of uncollectible amounts		(377,715	)
June 30, 2025	$	3,596,273

Property and Equipment

Property and equipment consisted of the following at June 30, 2025 and March 31, 2025:


	June 30, 2025			March 31, 2025
Leasehold improvements	$	209,113		$	247,725
Furniture and fixtures		321,720			331,483
Software and equipment		10,087,955			9,249,946
Construction in progress		619,910			733,384
Total property and equipment	$	11,238,698		$	10,562,538
Less accumulated depreciation		(4,352,985	)		(4,084,854	)
Net property and equipment	$	6,885,713		$	6,477,684

Depreciation expense for the three months ended June 30, 2025 and 2024 totaled $479,663 and $315,445, respectively, and was included in depreciation and amortization expenses in operating expenses on the condensed consolidated statement of operations.

Accrued Liabilities

At June 30, 2025 and March 31, 2025, accrued liabilities were as follows:


	June 30, 2025		March 31, 2025
Accrued bonus program	$	627,017	$	1,831,250
Accrued professional fees		1,977,999		4,682,183
Accrued payroll		1,063,430		764,174
Other accruals		1,645,582		674,735
Income taxes payable		394,065		394,065
Accrued contingency		—		29,067,229
Accrued liabilities	$	5,708,093	$	37,413,636