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SEGMENTS
 6 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENTS

NOTE 10 – SEGMENTS

We define our segments as those operations whose results our chief operating decision maker ("CODM") reviews to analyze performance and allocate resources. Our CODM is our chief executive officer. The CODM assesses the performance of the Company and decides how to allocate resources based on consolidated earnings before interest expense, income taxes, depreciation and amortization ("EBITDA"). The CODM uses consolidated EBITDA to analyze how profitable the business is, including reviewing in comparison to budget and in comparison to the prior year performance when making decisions on allocating capital and resources. Significant expense categories regularly provided to and reviewed by the CODM are those presented in the condensed consolidated statement of operations.

Our CODM does not use asset book values in assessing performance or allocating resources for our operating segments and therefore this information is not disclosed.

The following table presents consolidated EBITDA for our reportable segment:

 

For the three months ended September 30,

 

For the six months ended September 30,

 

 

2025

 

 

2024

 

2025

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenues

 

$

11,984,314

 

 

$

11,983,021

 

$

23,841,540

 

 

$

24,265,012

 

Cost of revenues

 

 

1,543,235

 

 

 

1,569,311

 

 

3,065,483

 

 

 

3,314,101

 

Selling and marketing

 

 

71,409

 

 

 

121,851

 

 

127,940

 

 

 

205,255

 

Corporate and administrative

 

 

2,839,534

 

 

 

8,123,917

 

 

10,177,470

 

 

 

16,756,870

 

Employee salaries and related expenses

 

 

3,247,521

 

 

 

4,818,080

 

 

8,688,686

 

 

 

9,528,486

 

Consolidated EBITDA

 

 

4,282,615

 

 

 

(2,650,138

)

 

1,781,961

 

 

 

(5,539,700

)

Adjustments and reconciling items:

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

3,575,591

 

 

 

3,375,476

 

 

7,085,612

 

 

 

6,721,279

 

Other income

 

 

825,506

 

 

 

202,853

 

 

1,321,818

 

 

 

455,085

 

Interest expense

 

 

(929,596

)

 

 

(45,444

)

 

(1,277,926

)

 

 

(90,922

)

Gain on the extinguishment of debt

 

 

801,894

 

 

 

—

 

 

801,894

 

 

 

—

 

Provision for income taxes

 

 

—

 

 

 

—

 

 

—

 

 

 

(5,968,414

)

Net income (loss) from continuing operations

 

$

1,404,828

 

 

$

(5,868,205

)

$

(4,457,865

)

 

$

(17,865,230

)