COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Mar. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES

Supplemental balance sheet information related to leases as of March 31, 2023 is as follows:

Assets:
Operating lease - right-of-use assets	$	561,185
Finance leases as a component of property and equipment, net of accumulated depreciation of $8,798		75,306
Liabilities
Current
Current portion of operating leases	$	508,515
Current portion of finance leases		18,162
Noncurrent
Operating lease liabilities, net of current portion	$	87,988
Finance leases, net of current portion		46,142

SCHEDULE OF LEASE TERM AND DISCOUNT RATE

Supplemental statement of operations information related to leases for the fiscal year ended March 31, 2023 is as follows:

	Fiscal Year Ended
	March 31, 2023
Operating lease expense as a component of general and administrative expenses	$	1,057,798
Finance lease cost
Depreciation of leased assets as a component of depreciation	$	8,798
Interest on finance lease liabilities as a component of interest expense	$	2,055

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION

Supplemental cash flow information related to leases for the fiscal year ended March 31, 2023 is as follows:

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow paid for operating leases	$	959,790
Financing cash flow paid for finance leases	$	9,165
Lease term and Discount Rate
Weighted average remaining lease term (months)
Operating leases		12.4
Finance leases		31.8
Weighted average discount rate
Operating leases		6.50	%
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, 2023 are as follows:

Year	Operating Leases		Finance Leases
2023	$	480,709	$	16,476
2024		89,268		17,434
2025		48,774		12,902
2026		-		12,902
2027 and beyond		-		13,978
Total Minimum Future Payments		618,751		73,692
Less: Imputed Interest		22,248		9,388
Present Value of Lease Liabilities	$	596,503	$	64,304