v3.25.1
Income Taxes (Tables)
 12 Months Ended
Mar. 31, 2025
Income Taxes [Abstract]  
Schedule of Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes consists of the following:

 

    For the Fiscal Years Ended
March 31,		  
    2025     2024  
             
Current:            
Federal   $ 64,300     $ 812,714  
State and local     (63,185 )     (1,530,005 )
Total current tax provision (benefit)     1,115       (717,291 )
                 
Deferred:                
Federal     -       -  
State and local     -       -  
Total deferred tax expense     -       -  
                 
Total provision (benefit)   $ 1,115     $ (717,291 )
Schedule of Deferred Tax Assets

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets are as follows:

 

   As of March 31, 
   2025   2024 
Deferred tax assets:        
Net operating loss  $1,416,684   $1,727,759 
Operating right-of-use liability   519,058    592,908 
Stock options   903,449    837,520 
Accrued expenses   
-
    48,376 
Capitalized research and development costs   241,761    137,860 
Inventory   187,534    263,969 
Total deferred tax assets   3,268,486    3,608,392 
Valuation allowance   (2,319,591)   (2,537,690)
Deferred tax assets, net of valuation allowance   948,895    1,070,702 
           
Deferred tax liabilities:          
Depreciation   492,376    538,334 
Operating lease right-of-use assets   456,519    532,368 
Total deferred tax liabilities   948,895    1,070,702 
           
Deferred tax assets (liability), net  $
-
   $
-
 
Schedule of Reconciliation of the Provision for Income Taxes

A reconciliation of the provision for income taxes with the amounts computed by applying the statutory Federal income tax rate to income before provision for income taxes is as follows:

 

   For the Fiscal Years Ended
March 31,		 
   2025   2024 
         
U.S. federal statutory rate   21.0%   21.0%
State taxes, net of federal benefit   2.2%   1.9%
Stock-based compensation   (0.1)%   (2.2)%
Other   3.0%   
-
%
True-up of tax provision   (4.2)%   12.4%
Valuation allowance   (21.8)%   (13.4)%
Effective tax rate   0.1%   19.7%