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LEASES (Tables)
9 Months Ended
Dec. 31, 2022
LEASES  
Schedule of right-of-use assets and lease liabilities

    

December 31, 2022

    

March 31, 2022

Right of use asset – operating lease

$

6,831,768

$

6,649,744

Right of use asset – finance leases

86,206

125,032

Accumulated amortization

 

(874,918)

 

(391,161)

Right of use asset, net

$

6,043,056

$

6,383,615

Lease liability – operating lease

$

6,167,849

$

6,374,691

Lease liability – finance leases

41,849

72,908

Total lease liability

$

6,209,698

$

6,447,599

Schedule of supplemental Information of leases

Components of lease expense for the nine months ended:

    

December 31, 2022

    

December 31, 2021

Operating lease amortization

$

480,817

$

206,432

Finance lease amortization

$

16,334

$

21,134

Finance lease interest

$

1,171

$

2,415

Weighted average lease term and discount rate at:

    

December 31, 2022

    

December 31, 2021

Lease term (years) – finance

1.00

2.85

Lease term (years) – operating

 

7.58

8.50

Lease rate - finance

4.5

%

3.9

%

Lease rate - operating

 

4.5

%

4.5

%

Schedule of supplemental cash flow information

Supplemental cash flow information related to leases for the nine months ended:

    

December 31, 2022

    

December 31, 2021

Cash used in operating activities

$

612,411

$

181,525

Cash used in financing activities

$

31,058

$

493,015

Schedule of maturities of lease liabilities

2023

    

$

985,224

2024

 

980,048

2025

 

976,865

2026

 

969,440

2027

 

966,966

Thereafter

 

2,336,833

Total lease payments

$

7,215,376

Less: imputed interest

 

1,005,678

Total

$

6,209,698