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COMMITMENTS AND CONTINGENCIES (Tables) | 3 Months Ended
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Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract] |
SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES | Supplemental balance sheet information related to leases as of June 30, 2023 is as follows: SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES
Assets: |  |  |  |
Operating lease – right-of-use assets |  | $ | 331,878 |
Finance leases as a component of property and equipment |  |  | 59,900 |
Liabilities |  |  |  |
Current |  |  |  |
Current portion of operating leases |  | $ | 277,733 |
Current portion of finance leases |  |  | 18,531 |
Noncurrent |  |  |  |
Operating lease liabilities, net of current portion |  | $ | 78,809 |
Finance leases, net of current portion |  |  | 41,369 |
SCHEDULE OF LEASE TERM AND DISCOUNT RATE | Supplemental statement of operations information related to leases for the three months ended June 30, 2023 is as follows: SCHEDULE OF LEASE TERM AND DISCOUNT RATE
Operating lease expense as a component of general and administrative expenses |  | $ | 237,007 |
Finance lease cost |  |  |  |
Depreciation of leased assets as a component of depreciation |  | $ | 58,765 |
Interest on finance lease liabilities as a component of interest expense |  | $ | 1,093 |
SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION | Supplemental cash flow information related to leases for the three months ended June 30, 2023 is as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flow paid for operating leases |  | $ | 252,313 |
Financing cash flow paid for finance leases |  | $ | 4,404 |
Scheduled maturities of operating and finance lease liabilities outstanding as of June 30, 2023 are as follows:
Lease term and Discount Rate |  |  |  |
Weighted average remaining lease term (months) |  |  |  |
Operating leases |  |  | 13.2 |
Finance leases |  |  | 48.8 |
Weighted average discount rate |  |  |  |
Operating leases |  |  | 6.50 | %
Finance leases |  |  | 9.86 | %
SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING AND FINANCE LEASES | The following table summarizes information regarding lease maturities and balance due as follows: SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING AND FINANCE LEASES
Year |  | Operating Leases |  |  | Finance Leases |
2023 (remaining six months) |  | $ | 227,507 |  |  | $ | 10,984 |
2024 |  |  | 120,008 |  |  |  | 17,435 |
2025 |  |  | 48,774 |  |  |  | 12,903 |
2026 |  |  | - |  |  |  | 12,903 |
2027 and beyond |  |  | - |  |  |  | 13,978 |
Total Minimum Future Payments |  |  | 396,289 |  |  |  | 68,203 |
Less: Imputed Interest |  |  | 39,747 |  |  |  | 8,303 |
Present Value of Lease Liabilities |  | $ | 356,542 |  |  | $ | 59,900 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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