ACQUISITION (Tables)

9 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

SCHEDULE OF FAIR VALUE OF CONSIDERATION TRANSFERRED

The preliminary fair value of the consideration transferred was valued as of the date of the acquisition as follows:

Cash	$	48,649,954
Estimated working capital adjustment		1,870,886
Contingent consideration		10,755,000
Common stock		132,645,000
Assumed debt		50,000,000
	$	243,920,840

SCHEDULE OF ALLOCATION FOR CONSIDERATION

The preliminary allocation for the consideration recorded for the acquisition is as follows:

Accounts receivable, net	$	17,002,362
Prepaid expenses		478,963
Equipment		1,051,980
Deposits		703,389
Other Intangible assets(1)		146,617,380
Goodwill(1)		90,870,094
Right of use assets - operating leases		612,727
Accounts payable		(12,514,919	)
Accrued expenses		(196,780	)
Operating lease liability		(704,356	)
Total Consideration	$	243,920,840

⁽¹⁾ Preliminary estimate of Other Intangible Assets and Goodwill. Other intangible assets consist of Tradenames, Customer Relationships, Intellectual Property, and other tangible assets related to the acquired business.

SCHEDULE OF UNAUDITED PRO FORMA RESULTS OF OPERATIONS

INCOME STATEMENT DATA	For the Nine Months Ended December 31, 2021
Net revenues	$	178,213,024
Net income	$	37,266,527