COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES

Supplemental balance sheet information related to leases as of December 31, 2021 is as follows:

Assets:
Operating lease - right-of-use assets	$	1,488,258
Finance leases as a component of Property and equipment, net of accumulated depreciation of $1,735		18,278
Liabilities
Current
Current portion of operating leases	$	860,528
Current portion of finance leases		7,421
Noncurrent
Operating lease liabilities, net of current portion	$	685,304
Finance leases, net of current portion		12,592

SCHEDULE OF LEASE TERM AND DISCOUNT RATE

Supplemental statement of operations information related to leases for the three and nine months ended December 31, 2021 is as follows:

	Three Months Ended		Nine Months Ended
	December 31, 2021		December 31, 2021
Operating lease expense as a component of general and administrative expenses	$	140,016	$	604,347
Finance lease cost
Depreciation of leased assets as a component of depreciation	$	1,041	$	1,735
Interest on lease liabilities as a component of interest expense	$	692	$	1,068

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION

Supplemental cash flow information related to leases for the nine months ended December 31, 2021 is as follows:

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow paid for operating leases			$	693,657
Financing cash flow paid for finance leases			$	6,184
Lease term and Discount Rate
Weighted average remaining lease term (months)
Operating leases	21.1
Finance leases	31.0
Weighted average discount rate
Operating leases	6.25	%
Finance leases	9.86	%

SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING AND FINANCE LEASES

Scheduled maturities of operating and finance lease liabilities outstanding as of December 31, 2021 are as follows:

Year	Operating Leases		Finance Leases
2022	$	937,590	$	9,065
2023		674,488		9,065
2024		30,739		4,533
Total Minimum Future Payments		1,642,817		22,663
Less: Imputed Interest		96,985		2,650
Present Value of Lease Liabilities	$	1,545,832	$	20,013