LEASES (Tables)

9 Months Ended

Dec. 31, 2021

LEASES

Schedule of right-of-use assets and lease liabilities

	December 31, 2021		March 31, 2021
Right of use asset – operating lease	$	6,655,724	$	—
Right of use asset – finance leases		98,704		45,663
Amortization		(227,566)		—
Right of use asset, net	$	6,526,862	$	45,663
Lease liability – operating lease	$	6,475,889	$	—
Lease liability – finance leases	$	90,629	$	45,663
Total lease liability	$	6,566,518	$	45,663

Schedule of supplemental Information of leases

Components of lease expense for the nine months ended:	December 31, 2021		December 31, 2020
Operating lease amortization	$	206,432	$	2,878
Finance lease amortization	$	21,134	$	8,156
Finance lease interest	$	2,415	$	1,102

Weighted average lease term and discount rate at:	December 31, 2021		December 31, 2020
Lease term (years) – operating lease	8.50		—
Lease term (years) – finance leases	2.85		1.25
Lease rate – operating lease	4.5	%	—
Lease rate – finance leases	3.9	%	8.0	%

Schedule of supplemental cash flow information

Supplemental cash flow information related to leases for the nine months ended:	December 31, 2021		December 31, 2020
Cash used in operating activities	$	181,525	$	2,878
Cash used in financing activities	$	493,015	$	8,798

Schedule of maturities of lease liabilities

2022	$	816,665
2023		965,843
2024		957,060
2025		951,171
2026		941,276
Thereafter		3,224,985
Total lease payments	$	7,857,000
Less: imputed interest		1,290,482
Total	$	6,566,518