COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES

Supplemental balance sheet information related to leases as of March 31, 2022 is as follows:

Assets:
Operating lease - right-of-use assets	$	1,279,347
Finance leases as a component of property and equipment, net of accumulated depreciation of $2,776		15,449
Liabilities
Current
Current portion of operating leases	$	876,259
Current portion of finance leases		7,605
Noncurrent
Operating lease liabilities, net of current portion	$	457,750
Finance leases, net of current portion		10,620

SCHEDULE OF LEASE TERM AND DISCOUNT RATE

Supplemental statement of operations information related to leases for the fiscal year ended March 31, 2022 is as follows:

	Fiscal Year Ended
	March 31, 2022
Operating lease expense as a component of general and administrative expenses	$	813,292
Finance lease cost
Depreciation of leased assets as a component of depreciation	$	2,776
Interest on finance lease liabilities as a component of interest expense	$	1,547

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION

Supplemental cash flow information related to leases for the nine months ended March 31, 2022 is as follows:

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow paid for operating leases	$	928,640
Financing cash flow paid for finance leases	$	7,973
Lease term and Discount Rate
Weighted average remaining lease term (months)
Operating leases		18.2
Finance leases		28.0
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 March 31, 2022 are as follows:

Fiscal Year	Operating Leases		Finance Leases
2023	$	940,282	$	9,065
2024		467,552		9,065
2025				2,267
Total Minimum Future Payments		1,407,834		20,397
Less: Imputed Interest		128,487		2,172
Present Value of Lease Liabilities	$	1,279,347	$	18,225