LEASES (Tables)

3 Months Ended

Jun. 30, 2023

LEASES

Schedule of right-of-use assets and liabilities

	June 30, 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		(1,201,908)		(1,033,474)
Right of use asset, net	$	5,492,504	$	5,660,938
Lease liability – operating lease	$	5,648,643	$	5,819,365
Lease liability – finance leases		30,146		36,336
Total lease liability	$	5,678,789	$	5,855,701

Schedule of supplemental information of leases

Components of lease expense for the three months ended:	June 30, 2023		June 30, 2022
Operating lease amortization	$	164,101	$	158,071
Finance lease amortization	$	4,333	$	6,300
Finance lease interest	$	281	$	544

Weighted average lease term and discount rate at:	June 30, 2023		June 30, 2022
Lease term (years) – operating lease	7.00		8.00
Lease term (years) – finance lease	2.40		2.70
Lease rate – operating lease	4.5	%	4.5	%
Lease rate – finance lease	4.5	%	3.7	%

Schedule of supplemental cash flow information

Supplemental cash flow information related to leases for the three months ended:	June 30, 2023		June 30, 2022
Cash used in operating activities	$	234,700	$	193,393
Cash used in financing activities	$	6,191	$	16,860

Schedule of maturities of lease liabilities

2024	$	952,880
2025		948,701
2026		946,226
2027		938,802
2028		938,802
Thereafter		1,876,899
Total lease payments	$	6,602,310
Less: imputed interest		923,521
Total	$	5,678,789