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LEASES (Tables)

12 Months Ended

Mar. 31, 2024

LEASES

Schedule of right-of-use assets and liabilities

​

​	​	​	​	​	​	​
​		March 31, 2024			March 31, 2023
Finance lease:		​	​	​	​
Right of use asset – operating lease	​	$	6,629,396	​	$	6,629,396
Right of use asset – finance leases	​	​	65,016	​		65,016
Amortization	​	​	(1,716,747)	​	​	(1,033,474)
Right of use asset, net	​	$	4,977,665	​	$	5,660,938
Lease liability – operating lease	​	$	5,124,823	​	$	5,819,365
Lease liability – finance leases	​	​	19,151	​	​	36,336
Total lease liability	​	$	5,143,974	​	$	5,855,701

Schedule of other supplemental information regarding our leases

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​	​	​	​	​	​	​
Components of lease expense for the year ended:		March 31, 2024			March 31, 2023
Operating lease amortization	​	$	668,058	​	$	638,732
Finance lease amortization	​	$	15,215	​	$	20,829
Finance lease interest	​	$	834	​	$	1,536

​

​	​	​	​	​	​
Weighted average lease term and discount rate at:		March 31, 2024		March 31, 2023
Lease term (years) – operating lease		6.25	​	7.25	​
Lease term (years) – finance lease	​	2.00	​	0.75	​
Lease rate – operating lease	​	4.5	%	4.5	%
Lease rate – finance lease		3.2	%	4.5	%

Schedule of supplemental cash flow information

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​	​	​	​	​	​	​
Supplemental cash flow information related to leases for the year ended:		March 31, 2024			March 31, 2023
Cash used in operating activities	​	$	938,801	​	$	851,806
Cash used in financing activities	​	$	17,185	​	$	36,572

​

Schedule of maturities of lease liabilities

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​	​	​	​
2025		$	948,701
2026	​		948,701
2027	​		938,801
2028	​		938,801
2029	​		938,801
Thereafter	​		1,095,270
Total lease payments	​	$	5,809,075
Less: imputed interest	​		665,101
Total	​	$	5,143,974

​

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- Definition

Tabular disclosure of supplementary cash flow information pertaining to leases.

+ References

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Tabular disclosure of other supplemental information related to leases.

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Tabular disclosure of supplemental balance sheet information related to leases.

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- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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