v3.25.2
FIXED ASSETS
6 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
FIXED ASSETS

NOTE 3 – FIXED ASSETS

 

A summary of the fixed assets as of September 30, 2024 and March 31, 2024 is as follows:

 

  

September 30,

2024

  

March 31,

2024

 
   (unaudited)     
Land  $187,609   $324,293 
Buildings   6,624,549    6,624,549 
Machinery and equipment   11,210,638    11,210,985 
Autos and trucks   188,415    208,771 
Fixed assets, gross   18,211,211    18,368,598 
Accumulated depreciation   (5,932,105)   (5,067,353)
Fixed assets, net  $12,279,106   $13,301,245 

 

The unaudited condensed consolidated statements of operations reflect depreciation expense of approximately $430,191 and $436,870 and $865,099 and $871,679 for the three and six months ended September 30, 2024 and 2023, respectively.