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LONG-TERM DEBT (Tables)
3 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
SCHEDULE OF LONG-TERM DEBT

Long-term debt consisted of the following as of June 30, 2023 (unaudited) and March 31, 2023.

 

   June 30, 2023   March 31, 2023 
   (unaudited)     
Truck loan – Amur Capital (a)  $66,484   $71,342 
Truck loan – Mitsubishi (b)   37,369    43,332 
Tractor loan – Simmons Bank(c)   40,011    43,873 
Loan – Simmons Bank(e)   23,481    25,138 
Rig Loan – North Mill(f)   86,623    94,099 
Loan – Amur Capital(d)   33,748    35,212 
Auto loan – TD Auto(g)   80,764    - 
Total long-term debt   368,480    312,996 
Less: current portion   (117,961)   (104,950 
Long-term debt, net of current portion  $250,519   $208,046 

 

(a) On May 13, 2022, entered into long-term secured note payable for $87,964 for two service trucks maturing April 13, 2026. The note is secured by the collateral purchased and accrued interest annually at 11.99% with principal and interest payments due monthly. There is no accrued interest as of June 30, 2023.
   
(b) On June 21, 2022, entered into long-term secured note payable for $61,973 for a service truck maturing December 21, 2024. The note is secured by the collateral purchased and accrued interest annually at 11.99% with principal and interest payments due monthly. There is no accrued interest as of June 30, 2023.
   
(c) On October 11, 2022, entered into long-term secured note payable for $50,142 for a tractor maturing October 11, 2025. The note is secured by the collateral purchased and accrued interest annually at 7.99% with principal and interest payments due monthly. There is no accrued interest as of June 30, 2023.
   
(d) On October 18, 2022, entered into long-term secured note payable for $37,599 for equipment maturing October 18, 2027. The note is secured by the collateral purchased and accrued interest annually at 11.99% with principal and interest payments due monthly. There is no accrued interest as of June 30, 2023.
   
(e) In August 2022, entered into long-term note payable in the amount of $28,900 for equipment maturing August 2, 2026. The note is secured by the collateral purchased and interest is accrued at 6.50% with principal and interest due monthly. There is no accrued interest as of June 30, 2023.
   
(f) In January 2023, entered into long-term note payable in the amount of $99,000 for a rig maturing January 9, 2026. The note is secured by the collateral purchased and interest is accrued at 7.99% with principal and interest due monthly. There is no accrued interest as of June 30, 2023.
   
(g) In June 2023, entered into long-term note payable in the amount of $80,764 for an automobile maturing June 2029. The note is secured by the automobile and interest is accrued at 9.79% with principal and interest due monthly. There is no accrued interest as of June 30, 2023.
SCHEDULE OF MATURITIES

The following is a list of maturities as of June 30:

 

       
2024   $117,961 
2025    112,835 
2026    77,783 
2027    24,334 
2028    18,626 
Thereafter    16,941 
Total   $368,480