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Property and Equipment
12 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following at March 31, 2021 and March 31, 2020:

 

    March 31, 2021     March 31, 2020  
Leasehold Improvements   $ 126,558     $ 118,222  
Furniture and Fixtures     87,790       87,790  
Vehicles     142,691       103,511  
Equipment     26,425,221       19,578,035  
Tooling     121,790       126,190  
Construction in Progress     544,939       1,093,262  
Total property and equipment   $ 27,448,989     $ 21,107,010  
Less accumulated depreciation     (5,895,763 )     (3,060,681 )
Net property and equipment     21,553,226       18,046,329  

 

Depreciation Expense for the years ended March 31, 2021 and 2020 totaled $2,904,968 and $2,544,537, respectively. Of these totals $2,674,161 and $2,380,076 were included in cost of goods sold for the years ending March 31, 2021 and 2020. Additionally, $230,797 and $164,461 were included in depreciation and amortization expenses in operating expenses.