COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES

Supplemental balance sheet information related to leases as of June 30, 2023 is as follows:

Assets:
Operating lease – right-of-use assets	$	331,878
Finance leases as a component of property and equipment		59,900
Liabilities
Current
Current portion of operating leases	$	277,733
Current portion of finance leases		18,531
Noncurrent
Operating lease liabilities, net of current portion	$	78,809
Finance leases, net of current portion		41,369

SCHEDULE OF LEASE TERM AND DISCOUNT RATE

Supplemental statement of operations information related to leases for the three months ended June 30, 2023 is as follows:

Operating lease expense as a component of general and administrative expenses	$	237,007
Finance lease cost
Depreciation of leased assets as a component of depreciation	$	58,765
Interest on finance lease liabilities as a component of interest expense	$	1,093

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION

Supplemental cash flow information related to leases for the three months ended June 30, 2023 is as follows:

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow paid for operating leases	$	252,313
Financing cash flow paid for finance leases	$	4,404

Scheduled maturities of operating and finance lease liabilities outstanding as of June 30, 2023 are as follows:

Lease term and Discount Rate
Weighted average remaining lease term (months)
Operating leases	13.2
Finance leases	48.8
Weighted average discount rate
Operating leases	6.50	%
Finance leases	9.86	%

SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING AND FINANCE LEASES

The following table summarizes information regarding lease maturities and balance due as follows:

Year	Operating Leases		Finance Leases
2023 (remaining six months)	$	227,507	$	10,984
2024		120,008		17,435
2025		48,774		12,903
2026		-		12,903
2027 and beyond		-		13,978
Total Minimum Future Payments		396,289		68,203
Less: Imputed Interest		39,747		8,303
Present Value of Lease Liabilities	$	356,542	$	59,900