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LEASES (Tables)
12 Months Ended
Mar. 31, 2021
LEASES  
Schedule of Right of use assets and liabilities

 

 

 

 

 

 

 

 

    

March 31, 2021

    

March 31, 2020

Finance lease:

 

 

 

 

 

  

Property, plant and equipment

 

$

45,663

 

$

54,376

Accumulated depreciation

 

 

 —

 

 

35,344

Net property, plant and equipment

 

$

45,663

 

$

19,032

Current portion of long-term debt

 

$

8,555

 

$

11,848

Long-term debt

 

$

37,108

 

$

10,612

Total finance lease liabilities

 

$

45,663

 

$

22,460

 

Schedule of Supplemental Information of leases

 

 

 

 

 

 

 

Components of lease expense for the year ended:

    

March 31, 2021

    

March 31, 2020

Operating lease amortization

 

$

3,788

 

$

2,860

Finance lease amortization

 

$

10,875

 

$

10,875

Finance lease interest

 

$

1,275

 

$

2,249

 

 

 

 

 

 

 

Weighted average lease term and discount rate at:

    

March 31, 2021

    

March 31, 2020

 

Lease term (years)

 

5.00

 

2.00

 

Lease rate

 

3.2

%

7.9

%

 

Schedule of Supplemental Cash flow information

 

 

 

 

 

 

 

Supplemental cash flow information related to leases for the  year ended:

    

March 31, 2021

    

March 31, 2020

Cash used in operating activities

 

$

5,063

 

$

5,109

Cash used in financing activities

 

$

22,460

 

$

10,951