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FIXED ASSETS
3 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
FIXED ASSETS

NOTE 3 – FIXED ASSETS

 

A summary of the fixed assets as of June 30, 2022 and March 31, 2022 is as follows:

 

           
  

June 30, 2022

  

March 31, 2022

 
   (unaudited)     
Land  $324,293   $324,293 
Buildings   5,611,723    5,611,723 
Machinery and equipment   12,026,071    10,524,343 
Autos and trucks   263,331    247,356 
Fixed assets, gross   18,225,418    16,707,715 
Accumulated depreciation   (2,420,815)   (1,909,612)
Fixed assets, net  $15,804,603   $14,798,103 

 

The unaudited condensed consolidated statements of operations reflect depreciation expense of approximately $525,000 and $355,000 for the three months ended June 30, 2022 and 2021, respectively.