Quarterly report pursuant to Section 13 or 15(d)

FIXED ASSETS

v3.23.2
FIXED ASSETS
 3 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
FIXED ASSETS

NOTE 3 – FIXED ASSETS

 

A summary of the fixed assets as of June 30, 2023 and March 31, 2023 is as follows:

 

SCHEDULE OF FIXED ASSETS

   

June 30,

2023

  

March 31,

2023
    (unaudited)    
Land   $ 324,293     $ 324,293  
Buildings     5,509,918       5,495,150  
Machinery and equipment     12,297,284       12,293,112  
Autos and trucks     307,227       307,227  
Fixed assets,gross     18,438,722       18,419,782  
Accumulated depreciation     (3,803,723 )     (3,376,067 )
Fixed assets, net   $ 14,634,999     $ 15,043,715  

 

The unaudited condensed consolidated statements of operations reflect depreciation expense of approximately $435,000 and $525,000 for the three months ended June 30, 2023 and 2022, respectively.