FIXED ASSETS

6 Months Ended

Sep. 30, 2021

FIXED ASSETS

4. FIXED ASSETS

NOTE 4 – FIXED ASSETS

A summary of the fixed assets as of September 30, 2021 and March 31, 2021 is as follows:

	September 30, 2021			March 31, 2021
Land	$	324,293		$	324,293
Buildings		5,002,712			4,702,063
Machinery and equipment		7,897,554			7,580,873
Autos and trucks		247,356			213,849
		13,471,915			12,891,078
Accumulated depreciation		(1,201,928	)		(4,52158	)
Fixed assets, net	$	12,269,987		$	12,236,557

The consolidated statements of operations reflect depreciation expense of approximately $307,000 and $9,000 and $661,000 and $20,000 for the three and six months ended September 30, 2021 and 2020, respectively.