INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

SCHEDULE OF INCOME TAX PROVISION BENEFIT

The income tax (provision) benefit for the periods shown consist of the following:

	2024		2023			2022
Current
US Federal	$	-	$	-		$	(1,302,811	)
US State		-		-			(446,677	)
Total current provision		-		-			(1,749,488	)
Deferred
US Federal		3,004,239		(578,679	)		(7,727,011	)
US State		786,824		(151,559	)		(2,649,261	)
Total deferred benefit		3,791,063		(730,238	)		(10,376,272	)
Change in valuation allowance		-		-			8,839,791
Income tax (provision) benefit	$	3,791,063	$	(730,238	)	$	(3,285,969	)

SCHEDULE OF RECONCILIATION OF INCOME TAX

The reconciliation of income tax expense computed at the U.S. federal statutory rate of 21% to the income tax provision is as follows:

	2024			2023			2022
Computed tax expense		21	%		21	%		21	%
State taxes, net of Federal income tax benefit		5	%		6	%		7	%
Change in valuation allowance		0	%		0	%		(24	)%
Employee stock awards		(7	)%		(40	)%		4	%
Other		(1	)%		0	%		0	%
Stock and Warrants on Note Conversion		0	%		(5	)%		1	%
Total provision for income taxes		18	%		(18	)%		9	%

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

Significant components of the Company’s deferred tax liabilities and assets are as follows:

	2024			2023
Deferred tax assets
Net operating loss carryforward	$	5,397,983		$	871,331
Loss on purchase		826,311			826,311
Other		314,257			-
Total deferred tax assets	$	6,538,461		$	1,697,642
Deferred tax liabilities
Depreciation expense	$	(3,007,227	)	$	(2,906,214	)
Other		(2,044,236	)		(1,101,020	)
Total deferred tax liabilities	$	(5,051,463	)	$	(4,007,234	)
Net deferred tax assets/(liabilities)	$	1,486,998		$	(2,309,592	)
Valuation allowance		-			-
Net deferred tax assets/(liabilities)	$	1,486,998		$	(2,309,592	)