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LEASES (Tables) | 9 Months Ended
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Dec. 31, 2023
LEASES |
Schedule of right-of-use assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023 |  | 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 | ​ | ​ | (1,544,514) | ​ | ​ | (1,033,474)
Right of use asset, net | ​ | $ | 5,149,898 | ​ | $ | 5,660,938
Lease liability – operating lease | ​ | $ | 5,301,394 | ​ | $ | 5,819,365
Lease liability – finance leases | ​ | ​ | 21,459 | ​ | ​ | 36,336
Total lease liability | ​ | $ | 5,322,853 | ​ | $ | 5,855,701
Schedule of supplemental information of leases | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Components of lease expense for the nine months ended: |  | December 31, 2023 |  | December 31, 2022
Operating lease amortization | ​ | $ | 498,108 | ​ | $ | 480,817
Finance lease amortization | ​ | $ | 12,932 | ​ | $ | 16,334
Finance lease interest | ​ | $ | 681 | ​ | $ | 1,171
​
​ | ​ | ​ | ​ | ​ | ​
Weighted average lease term and discount rate at: |  | December 31, 2023 |  | December 31, 2022 |
Lease term (years) – operating lease |  | 6.50 | ​ | 7.58 | ​
Lease term (years) – finance lease | ​ | 2.25 | ​ | 1.00 | ​
Lease rate – operating lease | ​ | 4.5 | % | 4.5 | %
Lease rate – finance lease |  | 3.2 | % | 4.5 | %
Schedule of supplemental cash flow information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Supplemental cash flow information related to leases for the nine months ended: |  | December 31, 2023 |  | December 31, 2022
Cash used in operating activities | ​ | $ | 704,101 | ​ | $ | 612,411
Cash used in financing activities | ​ | $ | 14,877 | ​ | $ | 31,058
​
Schedule of maturities of lease liabilities | ​
​ | ​ | ​ | ​
2024 |  | $ | 948,701
2025 | ​ |  | 948,701
2026 | ​ |  | 941,276
2027 | ​ |  | 938,802
2028 | ​ | ​ | 938,802
Thereafter | ​ |  | 1,407,542
Total lease payments | ​ | $ | 6,123,824
Less: imputed interest | ​ |  | 800,971
Total | ​ | $ | 5,322,853
​

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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 + Details
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