Quarterly report pursuant to Section 13 or 15(d)

FIXED ASSETS

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FIXED ASSETS
3 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
FIXED ASSETS

NOTE 3 – FIXED ASSETS

 

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

 

    June 30, 2024     March 31, 2024  
    (unaudited)        
Land   $ 324,293     $ 324,293  
Buildings     6,624,549       6,624,549  
Machinery and equipment     11,210,985       11,210,985  
Autos and trucks     188,414       208,771  
Fixed assets, gross     18,348,241       18,368,598  
Accumulated depreciation     (5,502,261 )     (5,067,353 )
Fixed assets, net   $ 12,845,980     $ 13,301,245  

 

The unaudited condensed consolidated statements of operations reflect depreciation expense of approximately $435,000 and $435,000 for the three months ended June 30, 2024 and 2023, respectively.