The following presents a reconciliation of our allowance for credit losses for the periods presented:


April 1, 2024	$	3,004,385
Increase in allowance		1,503,700
Write-off of uncollectible amounts		(702,597	)
March 31, 2025		3,805,488
Reduction in allowance		(277,057	)
Write-off of uncollectible amounts		(1,165,584	)
March 31, 2026	$	2,362,847

Property and equipment consisted of the following for the periods presented:


	As of March 31,
	2026			2025
Leasehold Improvements	$	—		$	247,725
Furniture and Fixtures		19,792			331,483
Software and Equipment		10,961,170			9,249,946
Construction in Progress		870,025			733,384
Total property and equipment	$	11,850,987		$	10,562,538
Less accumulated depreciation		(4,923,119	)		(4,084,854	)
Property and equipment, net	$	6,927,868		$	6,477,684

Depreciation expense for the years ended March 31, 2026 and 2025 totaled $2,266,829 and $1,378,619, respectively, and was included in depreciation and amortization expenses in operating expenses on the consolidated statement of operations.

Accrued liabilities consisted of the following:


	As of March 31,
	2026		2025
Accrued bonus program	$	1,228,300	$	1,831,250
Accrued professional fees		1,186,801		4,682,183
Accrued payroll		440,070		764,174
Other accruals		536,178		674,735
Income taxes payable		—		394,065
Accrued contingency		200,000		29,067,229
Accrued interest		650,000		-
Accrued liabilities	$	4,241,349	$	37,413,636