COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES

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

Assets:
Operating lease - right-of-use assets	$	648,323
Finance leases as a component of Property and equipment, net of accumulated depreciation of $4,859		6,692
Liabilities
Current
Current portion of operating leases	$	654,883
Current portion of finance leases		8,187
Noncurrent
Operating lease liabilities, net of current portion	$	30,422
Finance leases, net of current portion		4,405

SCHEDULE OF LEASE TERM AND DISCOUNT RATE

Supplemental statement of operations information related to leases for the three and nine months ended December 31, 2022 is as follows:

	Three Months Ended		Nine Months Ended
	December 31 2022		December 31 2022
Operating lease expense as a component of general and administrative expenses	$	227,839	$	684,926
Finance lease cost
Depreciation of leased assets as a component of depreciation	$	1,041	$	5,900
Interest on lease liabilities as a component of interest expense	$	342	$	1,170

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION

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

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow paid for operating leases			$	632,428
Financing cash flow paid for finance leases			$	5,633
Lease term and Discount Rate
Weighted average remaining lease term (months)
Operating leases	9.5
Finance leases	18.0
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, 2022 are as follows:

Year	Operating Leases		Finance Leases
2023	$	674,488	$	9,065
2024		30,739		4,533
Total Minimum Future Payments		705,227		13,598
Less: Imputed Interest		19,922		1,006
Present Value of Lease Liabilities	$	685,305	$	12,592