Rocky Mountain Industrials (RMRI) 10-Q/A 4 Feb 22 2022 Q2 Quarterly report (amended) Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Sep. 30, 2021	Dec. 15, 2021
Document Information [Line Items]
Document Type	10-Q/A
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Registrant Name	Rocky Mountain Industrials, Inc.
Entity Central Index Key	0001556179
Current Fiscal Year End Date	--03-31
Entity Current Reporting Status	No
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Small Business	true
Entity Ex Transition Period	false
Entity Filer Category	Non-accelerated Filer
Entity Interactive Data Current	No
Entity File Number	0-55402
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	46-0750094
Entity Address, Address Line One	4601 DTC Blvd.
Entity Address, Address Line Two	Suite 130
Entity Address, City or Town	Denver
City Area Code	720
Local Phone Number	614-5213
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80237
Preferred stock, shares outstanding		118.5
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		35,785,858
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		4,822,322

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2021	Mar. 31, 2021
Current assets
Cash	$ 6,519,639	$ 1,621,822
Accounts receivable	229,917	71,555
Other receivables	2,507,430	3,404,010
Inventory	11,420	0
Prepaid expenses	426,008	588,340
Restricted cash	185,405	185,325
Assets held for sale	0	5,000
Total current assets	9,879,819	5,876,052
Property, plant, and equipment, net	2,521,942	2,672,661
Land under development	7,707,006	6,929,630
Right of use asset	126,423	241,868
Asset retirement obligation, net	73,554	75,984
Other intangibles, net	58,950	64,933
Deposits and other assets	108,673	111,178
Total assets	20,476,367	15,972,306
Current liabilities
Accounts payable	571,777	610,216
Accrued liabilities	1,305,374	647,180
Accrued liabilities, related party	1,127,500	1,311,250
Dividends payable	1,484,326	1,008,942
Debt due within one year	5,920,927	4,474,082
Liabilities held for sale	0	423,853
Total current liabilities	10,409,904	8,475,523
Debt due after one year	475,117	952,059
Lease liability	126,423	241,868
Accrued reclamation liability	125,427	119,593
Total liabilities	11,136,871	9,789,043
Commitments and Contingencies
Stockholders' Equity
Additional paid-in capital	55,770,144	51,658,183
Accumulated deficit	(58,323,352)	(57,367,534)
Total stockholders' equity	9,339,496	6,183,263
Total liabilities and stockholders' equity	20,476,367	15,972,306
Series A-1 Preferred Stock
Stockholders' Equity
Preferred Stock	4,827,000	4,827,000
Series A-2 Preferred Stock
Stockholders' Equity
Preferred Stock	1,950,000	1,950,000
Series A-3 Preferred Stock
Stockholders' Equity
Preferred Stock	5,075,140	5,075,140
Class A Common Stock
Stockholders' Equity
Common Stock	35,786	35,786
Class B Common Stock
Stockholders' Equity
Common Stock	$ 4,778	$ 4,688

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2021	Mar. 31, 2021
Preferred stock, shares authorized	50,000,000
Series A-1 Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	48.27	48.27
Preferred stock, shares outstanding	48.27	48.27
Series A-2 Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	19.45	19.45
Preferred stock, shares outstanding	19.45	19.45
Series A-3 Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	50.75	50.75
Preferred stock, shares outstanding	50.75	50.75
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	35,785,858	35,785,858
Common stock, shares outstanding	35,785,858	35,785,858
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	4,777,332	4,687,332
Common stock, shares outstanding	4,777,332	4,687,332

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Condensed Consolidated Statements of Operations (Unaudited)
Revenue	$ 381,882	$ 174,300	$ 781,794	$ 443,261
Cost of goods sold	370,960	152,990	655,853	343,668
Gross profit	10,922	21,310	125,941	99,593
Selling, general and administrative (includes depreciation, depletion and amortization for the three months ended of $74,145 in 2021 and $78,568 in 2020; and for the six months ended of $149,649 in September 2021 and $157,506 in September 2020)	3,113,199	3,051,235	5,923,648	5,965,605
Loss from operations	(3,102,277)	(3,029,925)	(5,797,707)	(5,866,012)
Gain on sale of assets	4,798,291		4,798,291	0
Other income	0		438,500	0
Interest income (expense), net	(156,408)	(215,151)	(319,517)	(333,801)
Income (loss) before income tax provision	1,539,606	(3,245,076)	(880,433)	(6,199,813)
Income tax expense	0		0	0
Net income (loss) from continuing operations	1,539,606	(3,245,076)	(880,433)	(6,199,813)
Net Income (loss) from discontinued operations, net of tax	400,000	(898,250)	400,000	(1,309,495)
Net (income) loss	$ 1,939,606	$ (4,143,326)	$ (480,433)	$ (7,509,308)
Earnings (loss) per shares - continuing operations - basic	$ 0.25	$ (0.52)	$ (0.13)	$ (0.97)
Earnings (loss) per shares - continuing operations - diluted	0.25	(0.52)	(0.13)	(0.97)
Earnings (loss) per shares - discontinued operations - basic	0.06	(0.14)	0.06	(0.21)
Earnings (loss) per shares - discontinued operations - diluted	0.06	(0.14)	0.06	(0.21)
Earnings (loss) per shares - basic	0.27	(0.70)	(0.15)	(1.24)
Earnings (loss) per shares - diluted	$ 0.23	$ (0.70)	$ (0.15)	$ (1.24)
Weighted average shares outstanding - basic	6,272,087	6,296,869	6,564,647	6,358,966
Weighted average shares outstanding - diluted	7,498,677	6,296,869	6,564,647	6,358,966

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Condensed Consolidated Statements of Operations (Unaudited)
Depreciation, depletion and amortization	$ 74,145	$ 78,568	$ 149,649	$ 157,506

Statements of Changes in Stockh

Statements of Changes in Stockholder Equity (Unaudited) - USD ($)	Preferred SharesSeries A-1 Preferred Stock	Preferred SharesSeries A-2 Preferred Stock	Preferred SharesSeries A-3 Preferred Stock	Common StockClass A Common Stock	Common StockClass B Common Stock	Additional Paid-in Capital	Accumulated Deficit	Series A-1 Preferred Stock	Series A-2 Preferred Stock	Total
Balance at Mar. 31, 2020	$ 4,327,000			$ 35,786	$ 5,277	$ 49,276,203	$ (48,572,143)			$ 5,072,123
Balance (in shares) at Mar. 31, 2020	43.27			35,785,858	4,840,919
Stock-based compensation from stock options						1,295,104				1,295,104
Issuance of preferred shares		$ 1,500,000								1,500,000
Issuance of preferred shares (in shares)		14.95
Issuance of preferred shares for services	$ 500,000									500,000
Issuance of preferred shares for services (in shares)	5
Issuance of restricted common shares for compensation					$ 5	(5)
Issuance of restricted common shares for compensation (in shares)					5,000
Issuance of preferred stock for debt settlement		$ 200,000								200,000
Issuance of preferred stock for debt settlement (in shares)		2
Issuance of preferred stock for notes payable settlement		$ 250,000								250,000
Issuance of preferred stock for notes payable settlement (in shares)		2.50
Exchange of Common Stock for Preferred shares			$ 5,075,140		$ (338)	(5,074,802)
Exchange of Common Stock for Preferred shares (in shares)			50.75		(338,343)
Other					$ (436)	436
Quarterly dividends on preferred shares							(157,132)			(157,132)
Net income (loss)							(3,365,982)			(3,365,982)
Balance at Jun. 30, 2020	$ 4,827,000	$ 1,950,000	$ 5,075,140	$ 35,786	$ 4,508	45,496,936	(52,095,257)			5,294,113
Balance (in shares) at Jun. 30, 2020	48.27	19.45	50.75	35,785,858	4,507,576
Balance at Mar. 31, 2020	$ 4,327,000			$ 35,786	$ 5,277	49,276,203	(48,572,143)			5,072,123
Balance (in shares) at Mar. 31, 2020	43.27			35,785,858	4,840,919
Net income (loss)										(7,509,308)
Balance at Sep. 30, 2020	$ 4,827,000	$ 1,950,000	$ 5,075,140	$ 35,786	$ 4,508	47,198,292	(56,477,575)			2,613,151
Balance (in shares) at Sep. 30, 2020	48.27	19.45	50.75	35,785,858	4,507,076
Balance at Jun. 30, 2020	$ 4,827,000	$ 1,950,000	$ 5,075,140	$ 35,786	$ 4,508	45,496,936	(52,095,257)			5,294,113
Balance (in shares) at Jun. 30, 2020	48.27	19.45	50.75	35,785,858	4,507,576
Forfeiture of common stock					$ (18)	18
Forfeiture of common stock (in shares)					(18,000)
Stock-based compensation from stock options						1,295,106				1,295,106
Issuance of common shares upon exercise of warrants					$ 3	31,247				31,250
Issuance of common shares upon exercise of warrants (in shares)					2,500
Issuance of common stock for services					$ 15	374,985				375,000
Issuance of common stock for services (Shares)					15,000
Quarterly dividends on preferred shares							(238,992)			(238,992)
Net income (loss)							(4,143,326)			(4,143,326)
Balance at Sep. 30, 2020	$ 4,827,000	$ 1,950,000	$ 5,075,140	$ 35,786	$ 4,508	47,198,292	(56,477,575)			2,613,151
Balance (in shares) at Sep. 30, 2020	48.27	19.45	50.75	35,785,858	4,507,076
Balance at Mar. 31, 2021	$ 4,827,000	$ 1,950,000	$ 5,075,140	$ 35,786	$ 4,688	51,658,183	(57,367,534)			6,183,263
Balance at Mar. 31, 2021										6,183,263
Balance (in shares) at Mar. 31, 2021	48.27	19.45	50.75	35,785,858	4,687,332
Stock-based compensation from stock options						1,691,651				1,691,651
Issuance of restricted common shares for compensation					$ 140	(141)				(1)
Issuance of restricted common shares for compensation (in shares)					140,000
Quarterly dividends on preferred shares							(236,393)			(236,393)
Net income (loss)							(2,420,039)			(2,420,039)
Balance at Jun. 30, 2021	$ 4,827,000	$ 1,950,000	$ 5,075,140	$ 35,786	$ 4,828	53,349,693	(60,023,966)			5,218,481
Balance (in shares) at Jun. 30, 2021	48.27	19.45	50.75	35,785,858	4,827,332
Balance at Mar. 31, 2021	$ 4,827,000	$ 1,950,000	$ 5,075,140	$ 35,786	$ 4,688	51,658,183	(57,367,534)			6,183,263
Balance at Mar. 31, 2021										6,183,263
Balance (in shares) at Mar. 31, 2021	48.27	19.45	50.75	35,785,858	4,687,332
Quarterly dividends on preferred shares								$ (8,000)	$ (8,000)
Net income (loss)										(480,433)
Balance at Sep. 30, 2021										9,339,496
Balance at Sep. 30, 2021	$ 4,827,000	$ 1,950,000	$ 5,075,140	$ 35,786	$ 4,778	55,770,144	(58,323,352)			9,339,496
Balance (in shares) at Sep. 30, 2021	48.27	19.45	50.75	35,785,858	4,777,332
Balance at Jun. 30, 2021	$ 4,827,000	$ 1,950,000	$ 5,075,140	$ 35,786	$ 4,828	53,349,693	(60,023,966)			5,218,481
Balance (in shares) at Jun. 30, 2021	48.27	19.45	50.75	35,785,858	4,827,332
Forfeiture of common stock					$ (100)	100
Forfeiture of common stock (in shares)					(100,000)
Stock-based compensation from stock options						1,670,400				1,670,400
Issuance of common shares upon exercise of warrants					$ 20	(19)				1
Issuance of common shares upon exercise of warrants (in shares)					20,000
Issuance of common stock for services					$ 30	749,970				750,000
Issuance of common stock for services (Shares)					30,000
Quarterly dividends on preferred shares							(238,992)			(238,992)
Net income (loss)							1,939,606			1,939,606
Balance at Sep. 30, 2021										9,339,496
Balance at Sep. 30, 2021	$ 4,827,000	$ 1,950,000	$ 5,075,140	$ 35,786	$ 4,778	$ 55,770,144	$ (58,323,352)			$ 9,339,496
Balance (in shares) at Sep. 30, 2021	48.27	19.45	50.75	35,785,858	4,777,332

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flow from operating activities:
Net loss	$ (480,433)	$ (7,509,308)
Adjustments to reconcile net loss to net cash used in operating activities:
Operating and investing cash flows (used in) for discontinued operations	(418,853)	2,445,604
Depreciation, depletion and amortization expense	149,649	157,506
Stock-based compensation	3,362,051	2,590,210
Gain/loss on sale of assets	(4,774,841)	0
Amortization of debt discount	69,158	271,939
Accretion expense	5,834	5,317
Debt forgiveness	(438,500)	0
Other	(1)	0
Changes in operating assets and liabilities:
Accounts receivable	(158,362)	20,932
Other receivables	896,580	0
Inventory	(11,420)	9,520
Prepaid expenses	162,332	191,665
Restricted cash	(80)	(8,729)
Deposits and other assets	2,505	(256,593)
Accounts payable	(38,439)	64,986
Accrued liabilities	664,288	293,105
Accrued liabilities, related parties	(183,750)	370,000
Net cash used in operating activities	(1,192,282)	(1,353,846)
Cash Flows from Investing Activities:
Proceeds from asset disposals	33,215	0
Investments in land under development	(2,178,053)	(334,436)
Reimbursement of land under development cost from Metro District	2,034,821	0
Proceeds from sale of water rights	4,866,965	0
Purchase of property, plant and equipment	0	(9,843)
Net cash provided by (used in) investing activities	4,756,948	(344,279)
Cash Flows from Financing Activities:
Proceeds from notes payable	2,104,483	3,788,500
Repayment of debt	0	(2,601,600)
Repayment of notes payable	(771,332)	0
Proceeds from exercise of Class B common stock warrants	0	31,250
Net cash provided by financing activities	1,333,151	2,718,150
Net increase in cash	4,897,817	1,020,025
Cash at beginning of period	1,621,822	57,240
Cash at end of period	6,519,639	1,077,265
Supplemental cash flow information
Cash paid for interest	132,215	87,278
Cash paid for income taxes	0	0
Series A-2 Preferred Stock
Cash Flows from Financing Activities:
Proceeds from issuance of Series A-2 Preferred shares	$ 0	$ 1,500,000

ORGANIZATION

ORGANIZATION	6 Months Ended
	Sep. 30, 2021
ORGANIZATION
ORGANIZATION	1. ORGANIZATION On January 1, 2020, the Company changed its name from RMR Industrials, Inc. to Rocky Mountain Industrials, Inc. Rocky Mountain Industrials, Inc. (the “Company”, “RMI”, “we”, “our”, “us”) seeks to acquire and consolidate complementary industrial assets. RMI’s consolidation strategy is to assemble a portfolio of mature and value-add industrial commodities businesses to generate scalable enterprises with a broad portfolio of products and services addressing a common and stable customer base. Formation Online Yearbook was incorporated in the State of Nevada on August 6, 2012. Online Yearbook was a development stage company with the principal business objective of developing and marketing an online yearbook. On November 17, 2014, Rocky Mountain Resource Holdings Inc., a Nevada Corporation (the “Purchaser”) became the majority shareholder of Online Yearbook, by acquiring 5,200,000 shares of common stock of Online Yearbook (the “Shares”), or 69.06% of the issued and outstanding shares of common stock, pursuant to stock purchase agreements with Messrs. El Maraana and Salah Blal. The Shares were acquired for an aggregate purchase price of $357,670. The Purchaser was the source of the funds used to acquire the Shares. In connection with Online Yearbook’s receipt of approval from the Financial Industry Regulatory Authority (“FINRA”), effective December 8, 2014, Online Yearbook amended its Articles of Incorporation to change its name from “Online Yearbook” to “RMR INDUSTRIALS, INC.” On February 27, 2015 (the “Closing Date”), the Company entered into and consummated a merger transaction pursuant to an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, OLYB Acquisition Corporation, a Nevada corporation and wholly owned subsidiary of the Company (“Merger Sub”) and RMR IP, Inc., a Nevada corporation (“RMR IP”). In accordance with the terms of Merger Agreement, on the Closing Date, Merger Sub merged with and into RMR IP (the “Merger”), with RMR IP surviving the Merger as our wholly owned subsidiary. For financial reporting purposes, the Merger represented a “reverse merger” rather than a business combination and RMR IP was deemed to be the accounting acquirer in the transaction. Consequently, the assets and liabilities and the historical operations reflected in the Company’s financial statements post-Merger are those of RMR IP. The Company’s assets, liabilities and results of operations have been consolidated with the assets, liabilities and results of operations of RMR IP after consummation of the Merger, and the historical financial statements of the Company before the Merger were replaced with the historical financial statements of RMR IP before the Merger in all post-Merger filings with the SEC. On January 3, 2017, we amended the Articles of Incorporation of RMR IP, Inc. to rename the corporation to RMR Logistics, Inc. (“RMR Logistics”). RMR Logistics operates as a wholly-owned subsidiary of the Company to provide transportation and logistics services. On July 28, 2016, we formed RMR Aggregates, Inc., a Colorado corporation (“RMR Aggregates”), as our wholly owned subsidiary. RMR Aggregates was formed to hold assets whose primary focus is the mining and processing of industrial minerals for the manufacturing, construction and agriculture sectors. These minerals include limestone, aggregates, marble, silica, barite and sand. On October 12, 2016, RMR Aggregates acquired substantially all of the assets from CalX Minerals, LLC, a Colorado limited liability company (“CalX”) through an Asset Purchase Agreement. Pursuant to the terms of the Asset Purchase Agreement, RMR Aggregates agreed to purchase, and CalX agreed to sell, substantially all of the assets associated with the Mid-Continent Quarry on 41 BLM unpatented placer mining claims in Garfield County, Colorado, including the mining claims, improvements, access rights, water rights, equipment, inventory, contracts, permits, certain intellectual property rights, and other tangible and intangible assets associated with the limestone mining operation. During January 2018, the Company formed Rail Land Company, LLC (“Rail Land Company”) as a wholly-owned subsidiary to acquire and develop a rail terminal and services facility (the “Rail Park”). Rail Land Company purchased an approximately 470 -acre parcel of real property located in Bennett, Colorado on February 1, 2018. During July 2018, we exercised our option to acquire an additional approximately 150 acres for a total of approximately 620 acres. On April 26, 2019, RMR Logistics entered into an asset purchase agreement with H2K, LLC, a Colorado limited liability company (“the Seller”) pursuant to which RMR Logistics acquired the Seller’s trucking assets. In April 2020, the Company began the shutdown of substantially all the operations of RMR Logistics with the closure of its Wellington, Colorado location and the disposal of its operational assets through auction.

RESTATEMENT OF PREVIOUSLY ISSUE

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS	6 Months Ended
	Sep. 30, 2021
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS	2. RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS On February 1, 2022, the management of the Company concluded that the Company’s previously issued unaudited condensed financial statements as of and for the three and six months ended September 30, 2021, should no longer be relied upon and should be restated. The restatement is the result of identifying an additional expense in the recording of the gain on the sale of water rights during the three month period ended September 30, 2021. The following tables summarize the effects of the restatement on each of the financial statement line items as of the date and for the periods indicated. Balance Sheet: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As Of September 30, 2021 ​ As Previously ​ Restatement ​ ​ Reported ​ Adjustment Restated ​ ​ ​ ​ Total assets ​ $ 20,476,367 ​ $ — ​ $ 20,476,367 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and stockholders' equity ​ ​ ​ Accounts payable ​ $ 571,777 ​ $ — ​ $ 571,777 Accrued liabilities ​ 241,089 ​ 1,064,285 ​ 1,305,374 Accrued liabilities, related party ​ 1,127,500 ​ — ​ 1,127,500 Dividends payable ​ ​ 1,484,326 ​ ​ — ​ ​ 1,484,326 Debt due within one year ​ ​ 5,920,927 ​ ​ — ​ ​ 5,920,927 Total current liabilities ​ 9,345,619 ​ 1,064,285 ​ 10,409,904 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities ​ 10,072,586 ​ 1,064,285 ​ 11,136,871 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stockholders’ Equity ​ ​ ​ Preferred Stock Series A-1 ​ 4,827,000 ​ — ​ 4,827,000 Preferred Stock Series A-2 ​ ​ 1,950,000 ​ ​ — ​ ​ 1,950,000 Preferred Stock Series A-3 ​ ​ 5,075,140 ​ ​ — ​ ​ 5,075,140 Class A Common Stock ​ 35,786 ​ — ​ 35,786 Class B Common Stock ​ 4,778 ​ — ​ 4,778 Additional paid-in capital ​ 55,770,144 ​ — ​ 55,770,144 Accumulated deficit ​ (57,259,067) ​ (1,064,285) ​ (58,323,352) Total stockholders’ equity ​ ​ 10,403,781 ​ ​ (1,064,285) ​ ​ 9,339,496 Total liabilities and stockholders’ equity ​ $ 20,476,367 ​ $ — ​ $ 20,476,367 ​ Statement of Operations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ending September 30, 2021 ​ Six Months Ending September 30, 2021 ​ As Previously ​ Restatement ​ As Previously ​ Restatement ​ ​ Reported ​ Adjustment Restated Reported ​ Adjustment Restated Loss from operations ​ (3,102,277) ​ — ​ (3,102,277) ​ (5,797,707) ​ — ​ (5,797,707) Gain on sale of assets ​ ​ 5,862,576 ​ ​ (1,064,285) ​ ​ 4,798,291 ​ ​ 5,862,576 ​ ​ (1,064,285) ​ ​ 4,798,291 Other income ​ ​ — ​ ​ — ​ ​ — ​ ​ 438,500 ​ ​ — ​ ​ 438,500 Interest income (expense), net ​ (156,408) ​ — ​ (156,408) ​ (319,517) ​ — ​ (319,517) Loss before income tax provision ​ 2,603,891 ​ (1,064,285) ​ 1,539,606 ​ 183,852 ​ (1,064,285) ​ (880,433) Income tax expense ​ — ​ — ​ — ​ — ​ — ​ — Net income (loss) from continuing operations ​ 2,603,891 ​ (1,064,285) ​ 1,539,606 ​ 183,852 ​ (1,064,285) ​ (880,433) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) from discontinued operations, net of tax ​ ​ 400,000 ​ ​ — ​ ​ 400,000 ​ ​ 400,000 ​ ​ — ​ ​ 400,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ 3,003,891 ​ $ (1,064,285) ​ $ 1,939,606 ​ $ 583,852 ​ $ (1,064,285) ​ $ (480,433) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) per shares - continuing operations - basic and diluted ​ $ 0.42 ​ $ (0.17) ​ $ 0.25 ​ $ 0.03 ​ $ (0.16) ​ $ (0.13) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) per shares - discontinued operations - basic and diluted ​ $ 0.06 ​ $ — ​ $ 0.06 ​ $ 0.06 ​ $ — ​ $ 0.06 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) per shares - basic ​ $ 0.44 ​ $ (0.17) ​ $ 0.27 ​ $ 0.02 ​ $ (0.16) ​ $ (0.15) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) per shares - diluted ​ $ 0.37 ​ $ (0.14) ​ $ 0.23 ​ $ 0.01 ​ $ (0.16) ​ $ (0.15) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ ​ 6,272,087 ​ ​ 6,272,087 ​ ​ 6,272,087 ​ ​ 6,564,647 ​ ​ 6,564,647 ​ ​ 6,564,647 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - diluted ​ ​ 7,498,677 ​ ​ 7,498,677 ​ ​ 7,498,677 ​ ​ 7,760,143 ​ ​ 6,564,647 ​ ​ 6,564,647 ​ Cash Flow Statement: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended September 30, 2021 ​ ​ As Previously ​ ​ Restatement ​ ​ ​ Reported ​ Adjustment Restated Cash flow from operating activities: ​ ​ ​ Net loss ​ $ 583,852 ​ $ (1,064,285) ​ $ (480,433) Operating and investing cash flows for discontinued operations ​ ​ (418,853) ​ ​ — ​ ​ (418,853) Depreciation, depletion and amortization expense ​ 149,649 ​ — ​ 149,649 Stock-based compensation ​ 3,362,051 ​ — ​ 3,362,051 Gain/loss on sale of assets ​ ​ (5,839,126) ​ ​ 1,064,285 ​ ​ (4,774,841) Amortization of debt discount ​ 69,158 ​ — ​ 69,158 Accretion expense ​ ​ 5,834 ​ ​ — ​ ​ 5,834 Debt forgiveness ​ ​ (438,500) ​ ​ — ​ ​ (438,500) Other ​ ​ (1) ​ ​ — ​ ​ (1) Adjustments to reconcile net loss to net cash used in operating activities ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in operating assets and liabilities: ​ ​ ​ ​ Accounts receivable ​ (158,362) ​ — ​ (158,362) Other receivables ​ ​ 896,580 ​ ​ — ​ ​ 896,580 Inventory ​ (11,420) ​ — ​ (11,420) Prepaid expenses ​ 162,332 ​ — ​ 162,332 Restricted cash ​ (80) ​ — ​ (80) Deposits and other assets ​ 2,505 ​ — ​ 2,505 Accounts payable ​ (38,439) ​ — ​ (38,439) Accrued liabilities ​ (399,997) ​ 1,064,285 ​ 664,288 Accrued liabilities, related parties ​ (183,750) ​ — ​ (183,750) Net cash used in operating activities ​ (2,256,567) ​ 1,064,285 ​ (1,192,282) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Proceeds from asset disposals ​ 33,215 ​ — ​ 33,215 Investments in land under development ​ ​ (2,178,053) ​ ​ — ​ ​ (2,178,053) Reimbursement of land under development cost from Metro District ​ ​ 2,034,821 ​ ​ — ​ ​ 2,034,821 Proceeds from sale of water rights ​ ​ 5,931,250 ​ ​ (1,064,285) ​ ​ 4,866,965 Net cash used in investing activities ​ 5,821,233 ​ (1,064,285) ​ 4,756,948 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by financing activities ​ 1,333,151 ​ — ​ 1,333,151 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net increase in cash ​ 4,897,817 ​ — ​ 4,897,817 ​ ​ ​ ​ ​ ​ ​ ​ ​ — Cash at beginning of period ​ 1,621,822 ​ — ​ 1,621,822 Cash at end of period ​ $ 6,519,639 ​ $ — ​ $ 6,519,639 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Sep. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the accounting policies described in the consolidated financial statements and related notes included in our annual report on Form 10-K for the year ended March 31, 2021, (“2021 Form 10-K”) and should be read in conjunction with such consolidated financial statements and related notes. The 2021 year end consolidated balance sheet data included in the Form 10-Q filing was derived from the audited consolidated financial statements in our 2021 Form 10-K, but does not include all disclosures required by accounting principles generally accepted in the United States. The following notes to these interim consolidated financial statements highlight significant changes to the notes included in the March 31, 2021 audited consolidated financial statements included in our 2021 Form 10-K and present interim disclosures as required by the Securities and Exchange Commission. Consolidation The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). The condensed consolidated financial statements include the financial condition and results of operations of our wholly-owned subsidiaries, where intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that impact the reported amounts of assets, liabilities, and expenses, and disclosure of contingent assets and liabilities in the financial statements and accompanying notes. Actual results could materially differ from those estimates. Management considers many factors in selecting appropriate financial accounting policies and controls, and in developing the estimates and assumptions that are used in the preparation of these financial statements. Management must apply significant judgment in this process. In addition, other factors may affect estimates, including: expected business and operational changes, sensitivity and volatility associated with the assumptions used in developing estimates, and whether historical trends are expected to be representative of future trends. The estimation process may yield a range of potentially reasonable estimates of the ultimate future outcomes and management must select an amount that falls within that range of reasonable estimates. Although these estimates are based on the Company’s knowledge of current events and actions it may undertake in the future, actual results may ultimately materially differ from those estimated amounts and assumptions used in the preparation of the financial statements. Fair Value Measurements The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories: - Level 1: Quoted market prices in active markets for identical assets or liabilities - Level 2: Observable market-based inputs or inputs that are corroborated by market data - Level 3: Unobservable inputs that are not corroborated by market data The fair value of notes payable was $6,418,934 and $5,881,033 as of September 30, 2021 and March 31, 2021, respectively. Earnings (loss) per Common Share Basic earnings (loss) per common share is calculated by dividing the net income (loss) by the weighted average number of common shares outstanding during the period, without consideration for the potentially dilutive effects of converting stock options or restricted stock purchase rights outstanding. Diluted earnings (loss) per common share is calculated by dividing net income (loss) by the weighted average of common shares outstanding during the period and the potential dilutive effects of stock options or restricted stock purchase rights outstanding during the period determined using the treasury stock method. In periods in which the Company reports a net loss, diluted earnings per share is the same as basic earnings per share since dilutive common shares are not assumed to have been issued, as their effect is anti-dilutive. The dilutive effects of stock options, restricted stock awards and convertible securities of 1,226,540 and 1,195,496 equivalent common shares for the three months ended September 30, 2021, respectively, were included in weighted average shares outstanding – diluted. ​ ​ Discontinued Operations In April 2020, the Company began the shutdown and closing of operations located in Wellington, Colorado comprising substantially all the operations of RMR Logistics and the Logistics segment. The closing of the Wellington location was substantially complete in June, 2020. Substantially all of the mobile equipment was sold at auction in August of 2020 at a loss of $836,778. Auction proceeds received was approximately $1,286,768 and was used to pay down debt. In September 2021, the Company negotiated the forgiveness of the remaining $400,000 obligation related to the asset purchase agreement with H2K, LLC. The $400,000 forgiveness has been reflected as other income in the results from discontinued operations for the three and six months ended September 30, 2021. ​ Carrying amounts of major classes of assets and liabilities included in discontinued operations are comprised of the following as of: ​ ​ ​ ​ ​ ​ ​ March 31, ​ 2021 ​ ​ ​ ​ Other noncurrent assets ​ ​ 5,000 Total assets held for sale ​ $ 5,000 ​ ​ ​ ​ Accounts payable and accrued liabilities ​ $ 23,853 Debt ​ ​ 400,000 Total liabilities held for sale ​ $ 423,853 ​ Major line items comprising net income (loss) from discontinued operations are comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ ​ Six Months Ended September 30, ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 Revenue ​ $ — ​ $ 220 ​ $ — ​ $ 122,665 Cost of goods sold ​ ​ — ​ ​ (8,648) ​ ​ — ​ ​ (199,004) ​ ​ ​ — ​ ​ (8,428) ​ ​ — ​ ​ (76,339) Selling, general and administrative (including depreciation and amortization) ​ ​ — ​ ​ 39,551 ​ ​ — ​ ​ 368,161 Other income ​ ​ 400,000 ​ ​ — ​ ​ 400,000 ​ ​ — Interest expense, net ​ ​ — ​ ​ 13,493 ​ ​ — ​ ​ 28,217 Loss on sales of fixed assets ​ ​ — ​ ​ (836,778) ​ ​ — ​ ​ (836,778) Net income (loss) from discontinued operations ​ $ 400,000 ​ $ (898,250) ​ $ 400,000 ​ $ (1,309,495) ​

INVENTORY

INVENTORY	6 Months Ended
	Sep. 30, 2021
INVENTORY
INVENTORY	4 . INVENTORY Inventory, for which there was none as of March, 31, 2021, is valued at the lower of cost (average) or market. ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2021 ​ ​ ​ ​ ​ Blasted Rock ​ $ 11,420 ​ Packaging ​ ​ — ​ Total ​ $ 11,420 ​ ​

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Sep. 30, 2021
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT	5. PROPERTY, PLANT AND EQUIPMENT The following summarizes the Company’s property, plant and equipment as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, March 31, ​ ​ 2021 ​ 2021 Recoverable Limestone ​ $ 1,477,469 ​ $ 1,477,469 Mill Equipment ​ 1,229,987 ​ 1,229,988 Mining Equipment ​ 336,934 ​ 336,934 Mobile Equipment ​ 827,157 ​ 844,664 Other ​ 78,973 ​ 78,973 Total ​ 3,950,520 ​ 3,968,028 Less Accumulated Depreciation ​ (1,428,578) ​ (1,295,367) Property, plant and equipment, net ​ $ 2,521,942 ​ $ 2,672,661 ​

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Sep. 30, 2021
NOTES PAYABLE.
NOTES PAYABLE	6. NOTES PAYABLE In April and June 2020, the Company executed two unsecured note agreements with an investor totaling $1,000,000. The unsecured notes are carried net of original issue discount (10%), which is being amortized on a straight line basis, which approximates the effective interest method. In April 2021, the maturity dates of the two notes, with a then total outstanding accreted balance of $861,111 were extended to May 1, 2022. ​ In March 2020, the federal government passed the Coronavirus Aid, Relief, and Security Act (the "CARES Act"), which provided among other things the creation of the Paycheck Protection Plan ("PPP"), which is sponsored and administered by the U.S. Small Business Administration ("SBA"). On April 20, 2020, the Company executed a loan agreement (the "PPP Loan") under the PPP, evidenced by promissory notes, with Simmons Bank ("Simmons"), providing for $438,500 in proceeds, which was funded to the Company on April 24, 2020. In June 2020, the Paycheck Protection Program Flexibility Act of 2020 (the "PPPFA") was signed into law and established the payment dates in the event that amounts borrowed under the PPP are not forgiven. The PPP Loans mature April 20, 2022, but may be forgiven subject to the terms of the PPP and approval by the SBA. The Company recorded the PPP Loan as a debt obligation and accrues interest over the term of the PPP Loan. The interest rate on the PPP Loan is 1.00%. The PPP Loan is unsecured and contains customary events of default relating to, among other things, payment defaults, making materially false and misleading representations to the SBA or Simmons, or breaching the terms of the PPP Loan. The occurrence of an event of default may result in the repayment of all amounts outstanding, collection of all amounts owing from the Company, or filing suit and obtaining judgment against the Company. Under the PPPFA, monthly payments of principal and interest commence on the later of 10 months following the "covered period" (as defined in the PPPFA) or the date that Simmons notifies the Company that the SBA has notified Simmons that all or a portion of the PPP Loan has not been forgiven. ​ In May 2021, the Company submitted its applications to the SBA for forgiveness of the PPP Loans. In June 2021, the Company received formal notification in the form of a letter dated May 25, 2021, from Simmons that the SBA approved the Company’s PPP Loan forgiveness applications for the Company’s Loan in the amount of $438,500 (including accrued interest). The debt forgiveness resulted in the recognition of a gain on extinguishment of debt (other income) in the amount of $438,500 in the Consolidated Statements of Operations in the three month period ended June 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effective ​ ​ ​ ​ September 30, 2021 March 31, 2021 Interest Rate ​ ​ Maturity Date Equipment Loan ​ $ 58,437 ​ $ 122,248 ​ 2.10% - 6.30% ​ ​ August 25, 2021 - January 22, 2023 Secured promissory note ​ ​ 5,002,746 ​ ​ 3,582,183 ​ 12.00% ​ ​ March 5, 2022 Unsecured notes ​ ​ 887,580 ​ ​ 1,250,424 ​ 10.00% ​ ​ May 1, 2022 Promisory notes ​ ​ 314,077 ​ ​ 337,678 ​ 1.09% ​ ​ January 1, 2025 Secured disaster loan (SBA) ​ ​ 156,094 ​ ​ 150,000 ​ 3.75% ​ ​ September 9, 2050 Promissory notes (PPP loan) ​ ​ ​ ​ ​ 438,500 ​ 1.00% ​ ​ April 20, 2022 ​ ​ ​ 6,418,934 ​ ​ 5,881,033 ​ ​ ​ ​ ​ Unamortized debt issuance cost ​ ​ (22,890) ​ ​ (54,892) ​ ​ ​ ​ ​ ​ ​ ​ 6,396,044 ​ ​ 5,826,141 ​ ​ ​ ​ ​ Discontinued operations ​ ​ — ​ ​ (400,000) ​ ​ ​ ​ ​ Less: current portion ​ ​ (5,920,927) ​ ​ (4,474,082) ​ ​ ​ ​ ​ Debt due after one year ​ $ 475,117 ​ $ 952,059 ​ ​ ​ ​ ​ ​

TRANSACTIONS WITH RELATED PARTI

TRANSACTIONS WITH RELATED PARTIES	6 Months Ended
	Sep. 30, 2021
TRANSACTIONS WITH RELATED PARTIES
TRANSACTIONS WITH RELATED PARTIES	7. TRANSACTIONS WITH RELATED PARTIES As of September 30, 2021, the Company has accrued $1,127,500 for unpaid officers’ compensation expense in accordance with consulting agreements with our Non-executive Board Chairman and Chief Executive Officer. Under the terms of each consulting agreement, each consultant shall serve as an executive officer to the Company and receive monthly compensation of $35,000. The consulting agreements may be terminated by either party for breach or upon thirty days prior written notice.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Sep. 30, 2021
SHAREHOLDERS' EQUITY
SHAREHOLDERS' EQUITY	8. SHAREHOLDERS’ EQUITY Preferred Stock The Company has authorized 50,000,000 shares of preferred stock for issuance. In April 2021, the Board of Directors of the Company authorized 118.47 shares as Series A Preferred Stock and designated 48.27 as Series A-1 Convertible Preferred Stock, designated 19.45 as Series A-2 Convertible Preferred Stock and designated 50.75 as Series A-3 Convertible Preferred Stock (collectively referred to as “Series A Preferred Stock”). The Series A Preferred Stock is senior, with respect to dividend rights and to rights upon any voluntary or involuntary liquidation, dissolution or winding up of the Company (each, a "Liquidation Event") in preference and priority to the Class A Common Stock and Class B Common Stock of the Company. ​ Voting Rights ​ Series A Preferred Stock is entitled to vote on all matters submitted to a vote of the stockholders of the Company together with the holders of Class B Common Stock and is entitled to that number of votes equal to the number of shares of Class B Common Stock into which the holder's shares of Series A Preferred Stock could then be converted. ​ Dividends ​ Series A-1 Preferred Stock and Series A-2 ​ Liquidation Preference ​ In the event of any Liquidation Event, the holders of shares of Series A Preferred Stock then outstanding shall be entitled to be paid out of the assets of the Company available for distribution to its stockholders, and in the event of a Deemed Liquidation Event (as defined below), the holders of shares of Series A Preferred Stock then outstanding shall be entitled to be paid out of the consideration payable to stockholders in such Deemed Liquidation Event or out of the available proceeds, as applicable, before any payment shall be made to the holders of Common Stock. A Deemed Liquidation Event is defined as a merger or consolidation in which a change of control of the Company has occurred or the sale, lease, transfer, exclusive license or other disposition, in a single transaction or series of related transactions, by the Company or any subsidiary of the Company of all or substantially all the assets of the Company and its subsidiaries taken as a whole. ​ Conversion ​ Series A Preferred Stock is convertible, at the option of the holder, into a number of shares of Class B Common Stock determined by dividing (i) the sum of the Series A Original Issue Price and all then-unpaid Accruing Dividends by (ii) the respective conversion price in effect at the time of conversion. The Series A-1 Preferred Stock conversion price is ​ In the event of an underwritten public offering, public uplist, or qualified equity issuance of at least $10,000,000 in gross proceeds and a minimum price per share of $25.00 for the Company's Common Stock (“Qualified Offering”), Series A Preferred Stock shall automatically be converted into such number of fully paid and non-assessable shares of Class B Common Stock at the then effective conversion rate as noted above. Common Stock The Company has authorized 2,100,000,000 shares of common stock for issuance, including 2,000,000,000 shares of Class A Common Stock and 100,000,000 shares of Class B Common Stock. The holders of Class A Common Stock have the right to vote on all matters on which stockholders have the right to vote. The holders of Class B Common Stock have the right to vote solely on matters where the vote of such holders is explicitly required under Nevada law. The holders of Class A Common Stock and Class B Common stock have equal distribution rights, provided that distributions in securities shall be made in either identical securities or securities with similar voting characteristics. The holders of Class A Common Stock and Class B Common Stock are entitled to receive identical per-share consideration upon a merger, conversion or exchange of the Company with another entity, and have equal rights upon a dissolution, liquidation or winding-up of the Company.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Sep. 30, 2021
SHARE-BASED COMPENSATION
SHARE-BASED COMPENSATION	9. SHARE-BASED COMPENSATION The RMR Industrials, Inc. 2015 Equity Incentive Plan (the “2015 Plan”) authorizes the issuance of up to 30% of the outstanding shares of Common Stock at any time pursuant to awards made by the Company’s board of directors. As of September 30, 2021, there were 856,714 shares still available for future issuance under the 2015 Plan. Stock Options The Company grants stock options to certain employees that give them the right to acquire our Class B common stock under the 2015 Plan. The exercise price of options granted is equal to the closing price per share of our stock at the date of grant. The nonqualified options vest at a rate of 33% on each of the first three anniversaries of the grant date provided that the award recipient continues to be employed by us through each of those vesting dates and expire ten years from the date of grant.

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Sep. 30, 2021
SEGMENT REPORTING
SEGMENT REPORTING	10. SEGMENT REPORTING For the three and six months ended September 30, 2021 and 2020, the Company has two reportable segments: Aggregates and Rail Park. The Aggregates segment produces chemical grade lime for use in the aggregates market. The Rail Park segment consists of land under development to provide a rail terminal and services facility and currently have no operational activity. The Rail Park will require significant future capital investment before the segment starts generating recurring revenue. The Rail Park development commenced in the first half of calendar year 2021. The Aggregates segment has three major customers, a mining operation (“Mine”) and two construction companies (“Construction A and B”), that accounted for approximately 21%, 21% and 47% of Aggregates segment revenue for the three months ended September 30, 2020, respectively. Mine, Construction A and Construction B accounted for approximately 21%, 21% and 25%, of Aggregate segment revenues for the six months ended September 30, 2021, respectively. As of September 30, 2020, Construction A accounted for approximately 70% and an additional construction company accounted for approximately 15% of Aggregates segment accounts receivable balance, respectively. ​ The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The Company evaluates performance based on profit or loss from operations before income taxes not including nonrecurring gains and losses. The Company accounts for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current market prices. The Company’s reportable segments are strategic business units that offer different products and services. They are managed separately because each business requires different technology and marketing strategies. All assets are held and all operating activities occur within the United States. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2021 ​ ​ Six months ended September 30, 2021 ​ ​ Aggregates Rail Park Other/Corporate Total ​ Aggregates Rail Park Other/Corporate Total Revenue $ 381,882 $ — $ — $ 381,882 ​ $ 781,794 $ — $ — $ 781,794 Gross profit ​ 10,922 ​ — ​ — 10,922 ​ 125,941 — ​ — 125,941 Selling, general and administrative ​ 145,356 ​ — ​ 2,967,843 3,113,199 ​ 285,990 — ​ 5,637,658 5,923,648 Property, plant and equipment, net ​ 2,494,917 ​ — ​ 27,025 2,521,942 ​ 2,494,917 — ​ 27,025 2,521,942 Land under development ​ — ​ 7,707,006 ​ — 7,707,006 ​ — 7,707,006 ​ — 7,707,006 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2020 ​ ​ Six months ended September 30, 2020 ​ ​ Aggregates Rail Park Other/Corporate Total ​ Aggregates Rail Park Other/Corporate Total Revenue $ 174,300 $ — $ — $ 174,300 ​ $ 443,261 $ — $ — $ 443,261 Gross profit ​ 21,310 ​ — ​ — 21,310 ​ 99,593 ​ — ​ — 99,593 Selling, general and administrative ​ 193,558 ​ — ​ 2,857,677 3,051,235 ​ 632,179 ​ — ​ 5,333,426 5,965,605 Property, plant and equipment ​ 2,750,867 ​ — ​ 61,612 2,812,479 ​ 2,750,867 ​ — ​ 61,612 2,812,479 Land under development ​ — ​ 7,497,146 ​ 12,906 7,510,052 ​ — ​ 7,497,146 ​ 12,906 7,510,052 ​ Land Under Development ​ In 2018, the Company formed the Rocky Mountain Rail Park Metropolitan District (“District”) for the purpose of financing public improvements related to the development of approximately 620 acres, including open space and other right-of-way areas and providing ongoing operations and maintenance services related to the public improvements. Public improvements are generally, any part or all of the public improvements authorized to be planned, designed, acquired, constructed, installed, relocated, redeveloped, operated, maintained and/or financed, including necessary and appropriate landscaping, appurtenances and real property to effect such improvements, as generally described in the Colorado Special District Act (Title 32, Article 1, Colorado Revised Statutes) and as may be necessary to serve the future taxpayers and inhabitants of the District, as determined by the District Board, including public improvements within and without the District’s boundaries. ​ In April 2021, the District closed on its Limited Tax General Obligation and Water Revenue Bonds, Series 2021A and 2021B (“Tax -Exempt Bonds”) raising total proceeds of approximately $65.2 million, approximately $51.2 million of which will be directly used to fund the public improvements. The Tax - Exempt Bonds are an obligation of the District and not of the Company and will be repaid through ownership taxes and other enterprise revenues collected by the District from property owners residing in the District. ​ Water Rights ​ In September 2021, the Company sold its water rights attributable to the Land under development to the District for a sales price of approximately $5.9 million. The proceeds were received on September 30, 2021, resulting in the recording of a gain on sales of assets of approximately $4.8 million, which was recognized in the consolidated statement of operation for the quarter ended September 30, 2021.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Sep. 30, 2021
COMMITMENTS AND CONTINGENCIES.
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES Accrued Reclamation Liability The Company incurs reclamation liabilities as part of its mining activities. Quarry activities require the removal and relocation of significant levels of overburden to access materials of usable quantity and quality. The same overburden material is used to reclaim depleted mine areas, which must be sloped to a certain gradient and seeded to prevent erosion in the future. Reclamation methods and requirements can differ depending on the quarry and state rules and regulations in existence for certain locations. As of September 30, 2021, the Company’s undiscounted reclamation obligations totaled approximately $366,000. This obligation is expected to be settled within the next 20 years. Reclamation costs resulting from the normal use of long-lived assets, either owned or leased, are recognized over the period the asset is in use. The obligation, which cannot be reduced by estimated offsetting cash flows, is recorded at fair value as a liability at the obligating event date and is accreted through charges to selling, general and administrative costs, inclusive of depreciation, depletion and amortization. The fair value is based on our estimate of the cost required for a third party to perform the legally required reclamation tasks including a reasonable profit margin. This fair value is also capitalized as part of the carrying amount of the underlying asset and depreciated over the estimated useful life of the asset. The mining reclamation reserve is based on management’s estimate of future cost requirements to reclaim property at its operating quarry site. Costs are estimated in current dollars and inflated until the expected time of payment using a future estimated inflation rate and then discounted back to present value using a credit-adjusted, risk-free rate on obligations of similar maturity adjusted to reflect our credit rating. The Company will review reclamation liabilities at least every three years for a revision to the cost or a change in the estimated settlement date. Additionally, reclamation liabilities are reviewed in the period in which a triggering event occurs that would result in either a revision to the cost or a change in the estimated settlement date. Examples of events that would trigger a change in the cost include a new reclamation law or amendment to an existing mineral lease. Examples of events that would cause a change in the estimated settlement date include the acquisition of additional reserves or early or delayed closure of a site. Any affect to earnings from cost revisions is included in cost of revenue. A reconciliation of the carrying amount of our accrued reclamation liabilities is as follows: ​ ​ ​ ​ ​ Balance at April 1, 2020 $ 119,593 Liabilities incurred ​ — Accretion expense ​ 5,834 Balance at September 30, 2021 ​ $ 125,427 ​

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Sep. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the accounting policies described in the consolidated financial statements and related notes included in our annual report on Form 10-K for the year ended March 31, 2021, (“2021 Form 10-K”) and should be read in conjunction with such consolidated financial statements and related notes. The 2021 year end consolidated balance sheet data included in the Form 10-Q filing was derived from the audited consolidated financial statements in our 2021 Form 10-K, but does not include all disclosures required by accounting principles generally accepted in the United States. The following notes to these interim consolidated financial statements highlight significant changes to the notes included in the March 31, 2021 audited consolidated financial statements included in our 2021 Form 10-K and present interim disclosures as required by the Securities and Exchange Commission.
Consolidation	Consolidation The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). The condensed consolidated financial statements include the financial condition and results of operations of our wholly-owned subsidiaries, where intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that impact the reported amounts of assets, liabilities, and expenses, and disclosure of contingent assets and liabilities in the financial statements and accompanying notes. Actual results could materially differ from those estimates. Management considers many factors in selecting appropriate financial accounting policies and controls, and in developing the estimates and assumptions that are used in the preparation of these financial statements. Management must apply significant judgment in this process. In addition, other factors may affect estimates, including: expected business and operational changes, sensitivity and volatility associated with the assumptions used in developing estimates, and whether historical trends are expected to be representative of future trends. The estimation process may yield a range of potentially reasonable estimates of the ultimate future outcomes and management must select an amount that falls within that range of reasonable estimates. Although these estimates are based on the Company’s knowledge of current events and actions it may undertake in the future, actual results may ultimately materially differ from those estimated amounts and assumptions used in the preparation of the financial statements.
Fair Value Measurements	Fair Value Measurements The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories: - Level 1: Quoted market prices in active markets for identical assets or liabilities - Level 2: Observable market-based inputs or inputs that are corroborated by market data - Level 3: Unobservable inputs that are not corroborated by market data The fair value of notes payable was $6,418,934 and $5,881,033 as of September 30, 2021 and March 31, 2021, respectively.
Earnings (loss) per Common Share	Earnings (loss) per Common Share Basic earnings (loss) per common share is calculated by dividing the net income (loss) by the weighted average number of common shares outstanding during the period, without consideration for the potentially dilutive effects of converting stock options or restricted stock purchase rights outstanding. Diluted earnings (loss) per common share is calculated by dividing net income (loss) by the weighted average of common shares outstanding during the period and the potential dilutive effects of stock options or restricted stock purchase rights outstanding during the period determined using the treasury stock method. In periods in which the Company reports a net loss, diluted earnings per share is the same as basic earnings per share since dilutive common shares are not assumed to have been issued, as their effect is anti-dilutive. The dilutive effects of stock options, restricted stock awards and convertible securities of 1,226,540 and 1,195,496 equivalent common shares for the three months ended September 30, 2021, respectively, were included in weighted average shares outstanding – diluted. ​ ​
Discontinued Operations	Discontinued Operations In April 2020, the Company began the shutdown and closing of operations located in Wellington, Colorado comprising substantially all the operations of RMR Logistics and the Logistics segment. The closing of the Wellington location was substantially complete in June, 2020. Substantially all of the mobile equipment was sold at auction in August of 2020 at a loss of $836,778. Auction proceeds received was approximately $1,286,768 and was used to pay down debt. In September 2021, the Company negotiated the forgiveness of the remaining $400,000 obligation related to the asset purchase agreement with H2K, LLC. The $400,000 forgiveness has been reflected as other income in the results from discontinued operations for the three and six months ended September 30, 2021. ​ Carrying amounts of major classes of assets and liabilities included in discontinued operations are comprised of the following as of: ​ ​ ​ ​ ​ ​ ​ March 31, ​ 2021 ​ ​ ​ ​ Other noncurrent assets ​ ​ 5,000 Total assets held for sale ​ $ 5,000 ​ ​ ​ ​ Accounts payable and accrued liabilities ​ $ 23,853 Debt ​ ​ 400,000 Total liabilities held for sale ​ $ 423,853 ​ Major line items comprising net income (loss) from discontinued operations are comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ ​ Six Months Ended September 30, ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 Revenue ​ $ — ​ $ 220 ​ $ — ​ $ 122,665 Cost of goods sold ​ ​ — ​ ​ (8,648) ​ ​ — ​ ​ (199,004) ​ ​ ​ — ​ ​ (8,428) ​ ​ — ​ ​ (76,339) Selling, general and administrative (including depreciation and amortization) ​ ​ — ​ ​ 39,551 ​ ​ — ​ ​ 368,161 Other income ​ ​ 400,000 ​ ​ — ​ ​ 400,000 ​ ​ — Interest expense, net ​ ​ — ​ ​ 13,493 ​ ​ — ​ ​ 28,217 Loss on sales of fixed assets ​ ​ — ​ ​ (836,778) ​ ​ — ​ ​ (836,778) Net income (loss) from discontinued operations ​ $ 400,000 ​ $ (898,250) ​ $ 400,000 ​ $ (1,309,495)

RESTATEMENT OF PREVIOUSLY ISS_2

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)	6 Months Ended
	Sep. 30, 2021
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS
Summarize the effects of the restatement on each of the financial statement	The following tables summarize the effects of the restatement on each of the financial statement line items as of the date and for the periods indicated. Balance Sheet: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As Of September 30, 2021 ​ As Previously ​ Restatement ​ ​ Reported ​ Adjustment Restated ​ ​ ​ ​ Total assets ​ $ 20,476,367 ​ $ — ​ $ 20,476,367 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and stockholders' equity ​ ​ ​ Accounts payable ​ $ 571,777 ​ $ — ​ $ 571,777 Accrued liabilities ​ 241,089 ​ 1,064,285 ​ 1,305,374 Accrued liabilities, related party ​ 1,127,500 ​ — ​ 1,127,500 Dividends payable ​ ​ 1,484,326 ​ ​ — ​ ​ 1,484,326 Debt due within one year ​ ​ 5,920,927 ​ ​ — ​ ​ 5,920,927 Total current liabilities ​ 9,345,619 ​ 1,064,285 ​ 10,409,904 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities ​ 10,072,586 ​ 1,064,285 ​ 11,136,871 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stockholders’ Equity ​ ​ ​ Preferred Stock Series A-1 ​ 4,827,000 ​ — ​ 4,827,000 Preferred Stock Series A-2 ​ ​ 1,950,000 ​ ​ — ​ ​ 1,950,000 Preferred Stock Series A-3 ​ ​ 5,075,140 ​ ​ — ​ ​ 5,075,140 Class A Common Stock ​ 35,786 ​ — ​ 35,786 Class B Common Stock ​ 4,778 ​ — ​ 4,778 Additional paid-in capital ​ 55,770,144 ​ — ​ 55,770,144 Accumulated deficit ​ (57,259,067) ​ (1,064,285) ​ (58,323,352) Total stockholders’ equity ​ ​ 10,403,781 ​ ​ (1,064,285) ​ ​ 9,339,496 Total liabilities and stockholders’ equity ​ $ 20,476,367 ​ $ — ​ $ 20,476,367 ​ Statement of Operations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ending September 30, 2021 ​ Six Months Ending September 30, 2021 ​ As Previously ​ Restatement ​ As Previously ​ Restatement ​ ​ Reported ​ Adjustment Restated Reported ​ Adjustment Restated Loss from operations ​ (3,102,277) ​ — ​ (3,102,277) ​ (5,797,707) ​ — ​ (5,797,707) Gain on sale of assets ​ ​ 5,862,576 ​ ​ (1,064,285) ​ ​ 4,798,291 ​ ​ 5,862,576 ​ ​ (1,064,285) ​ ​ 4,798,291 Other income ​ ​ — ​ ​ — ​ ​ — ​ ​ 438,500 ​ ​ — ​ ​ 438,500 Interest income (expense), net ​ (156,408) ​ — ​ (156,408) ​ (319,517) ​ — ​ (319,517) Loss before income tax provision ​ 2,603,891 ​ (1,064,285) ​ 1,539,606 ​ 183,852 ​ (1,064,285) ​ (880,433) Income tax expense ​ — ​ — ​ — ​ — ​ — ​ — Net income (loss) from continuing operations ​ 2,603,891 ​ (1,064,285) ​ 1,539,606 ​ 183,852 ​ (1,064,285) ​ (880,433) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) from discontinued operations, net of tax ​ ​ 400,000 ​ ​ — ​ ​ 400,000 ​ ​ 400,000 ​ ​ — ​ ​ 400,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ 3,003,891 ​ $ (1,064,285) ​ $ 1,939,606 ​ $ 583,852 ​ $ (1,064,285) ​ $ (480,433) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) per shares - continuing operations - basic and diluted ​ $ 0.42 ​ $ (0.17) ​ $ 0.25 ​ $ 0.03 ​ $ (0.16) ​ $ (0.13) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) per shares - discontinued operations - basic and diluted ​ $ 0.06 ​ $ — ​ $ 0.06 ​ $ 0.06 ​ $ — ​ $ 0.06 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) per shares - basic ​ $ 0.44 ​ $ (0.17) ​ $ 0.27 ​ $ 0.02 ​ $ (0.16) ​ $ (0.15) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) per shares - diluted ​ $ 0.37 ​ $ (0.14) ​ $ 0.23 ​ $ 0.01 ​ $ (0.16) ​ $ (0.15) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ ​ 6,272,087 ​ ​ 6,272,087 ​ ​ 6,272,087 ​ ​ 6,564,647 ​ ​ 6,564,647 ​ ​ 6,564,647 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - diluted ​ ​ 7,498,677 ​ ​ 7,498,677 ​ ​ 7,498,677 ​ ​ 7,760,143 ​ ​ 6,564,647 ​ ​ 6,564,647 ​ Cash Flow Statement: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended September 30, 2021 ​ ​ As Previously ​ ​ Restatement ​ ​ ​ Reported ​ Adjustment Restated Cash flow from operating activities: ​ ​ ​ Net loss ​ $ 583,852 ​ $ (1,064,285) ​ $ (480,433) Operating and investing cash flows for discontinued operations ​ ​ (418,853) ​ ​ — ​ ​ (418,853) Depreciation, depletion and amortization expense ​ 149,649 ​ — ​ 149,649 Stock-based compensation ​ 3,362,051 ​ — ​ 3,362,051 Gain/loss on sale of assets ​ ​ (5,839,126) ​ ​ 1,064,285 ​ ​ (4,774,841) Amortization of debt discount ​ 69,158 ​ — ​ 69,158 Accretion expense ​ ​ 5,834 ​ ​ — ​ ​ 5,834 Debt forgiveness ​ ​ (438,500) ​ ​ — ​ ​ (438,500) Other ​ ​ (1) ​ ​ — ​ ​ (1) Adjustments to reconcile net loss to net cash used in operating activities ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in operating assets and liabilities: ​ ​ ​ ​ Accounts receivable ​ (158,362) ​ — ​ (158,362) Other receivables ​ ​ 896,580 ​ ​ — ​ ​ 896,580 Inventory ​ (11,420) ​ — ​ (11,420) Prepaid expenses ​ 162,332 ​ — ​ 162,332 Restricted cash ​ (80) ​ — ​ (80) Deposits and other assets ​ 2,505 ​ — ​ 2,505 Accounts payable ​ (38,439) ​ — ​ (38,439) Accrued liabilities ​ (399,997) ​ 1,064,285 ​ 664,288 Accrued liabilities, related parties ​ (183,750) ​ — ​ (183,750) Net cash used in operating activities ​ (2,256,567) ​ 1,064,285 ​ (1,192,282) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Proceeds from asset disposals ​ 33,215 ​ — ​ 33,215 Investments in land under development ​ ​ (2,178,053) ​ ​ — ​ ​ (2,178,053) Reimbursement of land under development cost from Metro District ​ ​ 2,034,821 ​ ​ — ​ ​ 2,034,821 Proceeds from sale of water rights ​ ​ 5,931,250 ​ ​ (1,064,285) ​ ​ 4,866,965 Net cash used in investing activities ​ 5,821,233 ​ (1,064,285) ​ 4,756,948 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by financing activities ​ 1,333,151 ​ — ​ 1,333,151 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net increase in cash ​ 4,897,817 ​ — ​ 4,897,817 ​ ​ ​ ​ ​ ​ ​ ​ ​ — Cash at beginning of period ​ 1,621,822 ​ — ​ 1,621,822 Cash at end of period ​ $ 6,519,639 ​ $ — ​ $ 6,519,639 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Sep. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of major classes of assets, liabilities and net income (loss) from discontinued operations	Carrying amounts of major classes of assets and liabilities included in discontinued operations are comprised of the following as of: ​ ​ ​ ​ ​ ​ ​ March 31, ​ 2021 ​ ​ ​ ​ Other noncurrent assets ​ ​ 5,000 Total assets held for sale ​ $ 5,000 ​ ​ ​ ​ Accounts payable and accrued liabilities ​ $ 23,853 Debt ​ ​ 400,000 Total liabilities held for sale ​ $ 423,853 ​ Major line items comprising net income (loss) from discontinued operations are comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ ​ Six Months Ended September 30, ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 Revenue ​ $ — ​ $ 220 ​ $ — ​ $ 122,665 Cost of goods sold ​ ​ — ​ ​ (8,648) ​ ​ — ​ ​ (199,004) ​ ​ ​ — ​ ​ (8,428) ​ ​ — ​ ​ (76,339) Selling, general and administrative (including depreciation and amortization) ​ ​ — ​ ​ 39,551 ​ ​ — ​ ​ 368,161 Other income ​ ​ 400,000 ​ ​ — ​ ​ 400,000 ​ ​ — Interest expense, net ​ ​ — ​ ​ 13,493 ​ ​ — ​ ​ 28,217 Loss on sales of fixed assets ​ ​ — ​ ​ (836,778) ​ ​ — ​ ​ (836,778) Net income (loss) from discontinued operations ​ $ 400,000 ​ $ (898,250) ​ $ 400,000 ​ $ (1,309,495)

INVENTORY (Tables)

INVENTORY (Tables)	6 Months Ended
	Sep. 30, 2021
INVENTORY
Schedule of inventory	​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2021 ​ ​ ​ ​ ​ Blasted Rock ​ $ 11,420 ​ Packaging ​ ​ — ​ Total ​ $ 11,420 ​

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Sep. 30, 2021
PROPERTY, PLANT AND EQUIPMENT
Schedule of property, plant and equipment	The following summarizes the Company’s property, plant and equipment as of: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, March 31, ​ ​ 2021 ​ 2021 Recoverable Limestone ​ $ 1,477,469 ​ $ 1,477,469 Mill Equipment ​ 1,229,987 ​ 1,229,988 Mining Equipment ​ 336,934 ​ 336,934 Mobile Equipment ​ 827,157 ​ 844,664 Other ​ 78,973 ​ 78,973 Total ​ 3,950,520 ​ 3,968,028 Less Accumulated Depreciation ​ (1,428,578) ​ (1,295,367) Property, plant and equipment, net ​ $ 2,521,942 ​ $ 2,672,661

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
	Sep. 30, 2021
NOTES PAYABLE.
Schedule of notes payable	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effective ​ ​ ​ ​ September 30, 2021 March 31, 2021 Interest Rate ​ ​ Maturity Date Equipment Loan ​ $ 58,437 ​ $ 122,248 ​ 2.10% - 6.30% ​ ​ August 25, 2021 - January 22, 2023 Secured promissory note ​ ​ 5,002,746 ​ ​ 3,582,183 ​ 12.00% ​ ​ March 5, 2022 Unsecured notes ​ ​ 887,580 ​ ​ 1,250,424 ​ 10.00% ​ ​ May 1, 2022 Promisory notes ​ ​ 314,077 ​ ​ 337,678 ​ 1.09% ​ ​ January 1, 2025 Secured disaster loan (SBA) ​ ​ 156,094 ​ ​ 150,000 ​ 3.75% ​ ​ September 9, 2050 Promissory notes (PPP loan) ​ ​ ​ ​ ​ 438,500 ​ 1.00% ​ ​ April 20, 2022 ​ ​ ​ 6,418,934 ​ ​ 5,881,033 ​ ​ ​ ​ ​ Unamortized debt issuance cost ​ ​ (22,890) ​ ​ (54,892) ​ ​ ​ ​ ​ ​ ​ ​ 6,396,044 ​ ​ 5,826,141 ​ ​ ​ ​ ​ Discontinued operations ​ ​ — ​ ​ (400,000) ​ ​ ​ ​ ​ Less: current portion ​ ​ (5,920,927) ​ ​ (4,474,082) ​ ​ ​ ​ ​ Debt due after one year ​ $ 475,117 ​ $ 952,059 ​ ​ ​ ​ ​

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Sep. 30, 2021
SEGMENT REPORTING
Schedule of segment reporting information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2021 ​ ​ Six months ended September 30, 2021 ​ ​ Aggregates Rail Park Other/Corporate Total ​ Aggregates Rail Park Other/Corporate Total Revenue $ 381,882 $ — $ — $ 381,882 ​ $ 781,794 $ — $ — $ 781,794 Gross profit ​ 10,922 ​ — ​ — 10,922 ​ 125,941 — ​ — 125,941 Selling, general and administrative ​ 145,356 ​ — ​ 2,967,843 3,113,199 ​ 285,990 — ​ 5,637,658 5,923,648 Property, plant and equipment, net ​ 2,494,917 ​ — ​ 27,025 2,521,942 ​ 2,494,917 — ​ 27,025 2,521,942 Land under development ​ — ​ 7,707,006 ​ — 7,707,006 ​ — 7,707,006 ​ — 7,707,006 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended September 30, 2020 ​ ​ Six months ended September 30, 2020 ​ ​ Aggregates Rail Park Other/Corporate Total ​ Aggregates Rail Park Other/Corporate Total Revenue $ 174,300 $ — $ — $ 174,300 ​ $ 443,261 $ — $ — $ 443,261 Gross profit ​ 21,310 ​ — ​ — 21,310 ​ 99,593 ​ — ​ — 99,593 Selling, general and administrative ​ 193,558 ​ — ​ 2,857,677 3,051,235 ​ 632,179 ​ — ​ 5,333,426 5,965,605 Property, plant and equipment ​ 2,750,867 ​ — ​ 61,612 2,812,479 ​ 2,750,867 ​ — ​ 61,612 2,812,479 Land under development ​ — ​ 7,497,146 ​ 12,906 7,510,052 ​ — ​ 7,497,146 ​ 12,906 7,510,052 ​

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Sep. 30, 2021
COMMITMENTS AND CONTINGENCIES.
Schedule of carrying amount of our accrued reclamation liabilities	​ ​ ​ ​ ​ Balance at April 1, 2020 $ 119,593 Liabilities incurred ​ — Accretion expense ​ 5,834 Balance at September 30, 2021 ​ $ 125,427

ORGANIZATION (Details)

ORGANIZATION (Details)	Oct. 12, 2016item	Nov. 17, 2014USD ($)shares	Jul. 31, 2018a	Jan. 31, 2018a
Organization [Line Items]
Number of BLM unpatented placer mining claims | item	41
Rocky Mountain Resource Holdings LLC [Member] | Online Yearbook [Member]
Organization [Line Items]
Shares acquired | shares		5,200,000
Percentage of issued and outstanding shares of common stock		69.06%
Shares aggregate purchase price | $		$ 357,670
Rail Land Company, LLC [Member]
Organization [Line Items]
Area of a real estate property acquired			150
Area of a real estate property			620
Rail Land Company, LLC [Member] | Property Located in Bennett, Colorado [Member]
Organization [Line Items]
Area of a real estate property acquired				470

RESTATEMENT OF PREVIOUSLY ISS_3

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Balance Sheet (Details) - USD ($)	Sep. 30, 2021	Mar. 31, 2021
ASSETS
Total assets	$ 20,476,367	$ 15,972,306
Current liabilities
Accounts payable	571,777	610,216
Accrued liabilities	1,305,374	647,180
Accrued liabilities, related party	1,127,500	1,311,250
Dividends payable	1,484,326	1,008,942
Debt due within one year	5,920,927	4,474,082
Liabilities held for sale	0	423,853
Total current liabilities	10,409,904	8,475,523
Total liabilities	11,136,871	9,789,043
Stockholders' Equity
Additional paid-in capital	55,770,144	51,658,183
Accumulated deficit	(58,323,352)	(57,367,534)
Total stockholders' equity	9,339,496	6,183,263
Total liabilities and stockholders' equity	20,476,367	15,972,306
As Previously Reported
ASSETS
Total assets	20,476,367
Current liabilities
Accounts payable	571,777
Accrued liabilities	241,089
Accrued liabilities, related party	1,127,500
Dividends payable	1,484,326
Debt due within one year	5,920,927
Total current liabilities	9,345,619
Total liabilities	10,072,586
Stockholders' Equity
Additional paid-in capital	55,770,144
Accumulated deficit	(57,259,067)
Total stockholders' equity	10,403,781
Total liabilities and stockholders' equity	20,476,367
Restatement Adjustment
ASSETS
Total assets	0
Current liabilities
Accounts payable	0
Accrued liabilities	1,064,285
Accrued liabilities, related party	0
Dividends payable	0
Debt due within one year	0
Total current liabilities	1,064,285
Total liabilities	1,064,285
Stockholders' Equity
Additional paid-in capital	0
Accumulated deficit	(1,064,285)
Total stockholders' equity	(1,064,285)
Total liabilities and stockholders' equity	0
Series A-1 Preferred Stock
Stockholders' Equity
Preferred Stock	4,827,000	4,827,000
Series A-1 Preferred Stock | As Previously Reported
Stockholders' Equity
Preferred Stock	4,827,000
Series A-1 Preferred Stock | Restatement Adjustment
Stockholders' Equity
Preferred Stock	0
Series A-2 Preferred Stock
Stockholders' Equity
Preferred Stock	1,950,000	1,950,000
Series A-2 Preferred Stock | As Previously Reported
Stockholders' Equity
Preferred Stock	1,950,000
Series A-2 Preferred Stock | Restatement Adjustment
Stockholders' Equity
Preferred Stock	0
Series A-3 Preferred Stock
Stockholders' Equity
Preferred Stock	5,075,140	5,075,140
Series A-3 Preferred Stock | As Previously Reported
Stockholders' Equity
Preferred Stock	5,075,140
Series A-3 Preferred Stock | Restatement Adjustment
Stockholders' Equity
Preferred Stock	0
Class A Common Stock
Stockholders' Equity
Common Stock	35,786	35,786
Class A Common Stock | As Previously Reported
Stockholders' Equity
Common Stock	35,786
Class A Common Stock | Restatement Adjustment
Stockholders' Equity
Common Stock	0
Class B Common Stock
Stockholders' Equity
Common Stock	4,778	$ 4,688
Class B Common Stock | As Previously Reported
Stockholders' Equity
Common Stock	4,778
Class B Common Stock | Restatement Adjustment
Stockholders' Equity
Common Stock	$ 0

RESTATEMENT OF PREVIOUSLY ISS_4

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Statement of Operations (Details) - USD ($)	1 Months Ended	3 Months Ended				6 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Loss from operations		$ 3,102,277		$ 3,029,925		$ 5,797,707	$ 5,866,012
Gain on sale of assets	$ 4,800,000	4,798,291				4,798,291	0
Other income		0				438,500	0
Interest income (expense), net		(156,408)		(215,151)		(319,517)	(333,801)
Loss before income tax provision		(1,539,606)		3,245,076		880,433	6,199,813
Income tax expense		0				0	0
Net income (loss) from continuing operations		1,539,606		(3,245,076)		(880,433)	(6,199,813)
Net Income (loss) from discontinued operations, net of tax		400,000		(898,250)		400,000	(1,309,495)
Net (income) loss		$ 1,939,606	$ (2,420,039)	$ (4,143,326)	$ (3,365,982)	$ (480,433)	$ (7,509,308)
Earnings (loss) per shares - continuing operations - basic		$ 0.25		$ (0.52)		$ (0.13)	$ (0.97)
Earnings (loss) per shares - continuing operations - diluted		0.25		(0.52)		(0.13)	(0.97)
Earnings (loss) per shares - discontinued operations - basic		0.06		(0.14)		0.06	(0.21)
Earnings (loss) per shares - discontinued operations - diluted		0.06		(0.14)		0.06	(0.21)
Earnings (loss) per shares - basic		0.27		(0.70)		(0.15)	(1.24)
Earnings (loss) per shares - diluted		$ 0.23		$ (0.70)		$ (0.15)	$ (1.24)
Weighted average shares outstanding - basic		6,272,087		6,296,869		6,564,647	6,358,966
Weighted average shares outstanding - diluted		7,498,677		6,296,869		6,564,647	6,358,966
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Loss from operations		$ 3,102,277				$ 5,797,707
Gain on sale of assets		5,862,576				5,862,576
Other income		0				438,500
Interest income (expense), net		(156,408)				(319,517)
Loss before income tax provision		(2,603,891)				(183,852)
Income tax expense		0				0
Net income (loss) from continuing operations		2,603,891				183,852
Net Income (loss) from discontinued operations, net of tax		400,000				400,000
Net (income) loss		$ 3,003,891				$ 583,852
Earnings (loss) per shares - continuing operations - basic		$ 0.42				$ 0.03
Earnings (loss) per shares - continuing operations - diluted		0.42				0.03
Earnings (loss) per shares - discontinued operations - basic		0.06				0.06
Earnings (loss) per shares - discontinued operations - diluted		0.06				0.06
Earnings (loss) per shares - basic		0.44				0.02
Earnings (loss) per shares - diluted		$ 0.37				$ 0.01
Weighted average shares outstanding - basic		6,272,087				6,564,647
Weighted average shares outstanding - diluted		7,498,677				7,760,143
Restatement Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Loss from operations		$ 0				$ 0
Gain on sale of assets		(1,064,285)				(1,064,285)
Other income		0				0
Interest income (expense), net		0				0
Loss before income tax provision		1,064,285				1,064,285
Income tax expense		0				0
Net income (loss) from continuing operations		(1,064,285)				(1,064,285)
Net Income (loss) from discontinued operations, net of tax		0				0
Net (income) loss		$ (1,064,285)				$ (1,064,285)
Earnings (loss) per shares - continuing operations - basic		$ (0.17)				$ (0.16)
Earnings (loss) per shares - discontinued operations - basic		0				0
Earnings (loss) per shares - basic		(0.17)				(0.16)
Earnings (loss) per shares - diluted		$ (0.14)				$ (0.16)
Weighted average shares outstanding - basic		6,272,087				6,564,647
Weighted average shares outstanding - diluted		7,498,677				6,564,647

RESTATEMENT OF PREVIOUSLY ISS_5

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Cash Flow Statement (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Cash flow from operating activities:
Net loss			$ (480,433)	$ (7,509,308)
Adjustments to reconcile net loss to net cash used in operating activities:
Operating and investing cash flows (used in) for discontinued operations			(418,853)	2,445,604
Depreciation, depletion and amortization expense	$ 74,145	$ 78,568	149,649	157,506
Stock-based compensation			3,362,051	2,590,210
Gain/loss on sale of assets			(4,774,841)	0
Amortization of debt discount			69,158	271,939
Accretion expense			5,834	5,317
Debt forgiveness			(438,500)	0
Other			(1)	0
Changes in operating assets and liabilities:
Accounts receivable			(158,362)	20,932
Other receivables			896,580	0
Inventory			(11,420)	9,520
Prepaid expenses			162,332	191,665
Restricted cash			(80)	(8,729)
Deposits and other assets			2,505	(256,593)
Accounts payable			(38,439)	64,986
Accrued liabilities			664,288	293,105
Accrued liabilities, related parties			(183,750)	370,000
Net cash used in operating activities			(1,192,282)	(1,353,846)
Cash Flows from Investing Activities:
Proceeds from asset disposals			33,215	0
Investments in land under development			(2,178,053)	(334,436)
Reimbursement of land under development cost from Metro District			2,034,821	0
Proceeds from sale of water rights			4,866,965	0
Purchase of property, plant and equipment			0	(9,843)
Net cash provided by (used in) investing activities			4,756,948	(344,279)
Net cash provided by financing activities			1,333,151	2,718,150
Net increase in cash			4,897,817	1,020,025
Cash at beginning of period			1,621,822	57,240
Cash at end of period	6,519,639	$ 1,077,265	6,519,639	$ 1,077,265
As Previously Reported
Cash flow from operating activities:
Net loss			583,852
Adjustments to reconcile net loss to net cash used in operating activities:
Operating and investing cash flows (used in) for discontinued operations			(418,853)
Depreciation, depletion and amortization expense			149,649
Stock-based compensation			3,362,051
Gain/loss on sale of assets			(5,839,126)
Amortization of debt discount			69,158
Accretion expense			5,834
Debt forgiveness			(438,500)
Other			(1)
Changes in operating assets and liabilities:
Accounts receivable			(158,362)
Other receivables			896,580
Inventory			(11,420)
Prepaid expenses			162,332
Restricted cash			(80)
Deposits and other assets			2,505
Accounts payable			(38,439)
Accrued liabilities			(399,997)
Accrued liabilities, related parties			(183,750)
Net cash used in operating activities			(2,256,567)
Cash Flows from Investing Activities:
Proceeds from asset disposals			33,215
Investments in land under development			(2,178,053)
Reimbursement of land under development cost from Metro District			2,034,821
Proceeds from sale of water rights			5,931,250
Net cash provided by (used in) investing activities			5,821,233
Net cash provided by financing activities			1,333,151
Net increase in cash			4,897,817
Cash at beginning of period			1,621,822
Cash at end of period	6,519,639		6,519,639
Restatement Adjustment
Cash flow from operating activities:
Net loss			(1,064,285)
Adjustments to reconcile net loss to net cash used in operating activities:
Operating and investing cash flows (used in) for discontinued operations			0
Depreciation, depletion and amortization expense			0
Stock-based compensation			0
Gain/loss on sale of assets			1,064,285
Amortization of debt discount			0
Accretion expense			0
Debt forgiveness			0
Other			0
Changes in operating assets and liabilities:
Accounts receivable			0
Other receivables			0
Inventory			0
Prepaid expenses			0
Restricted cash			0
Deposits and other assets			0
Accounts payable			0
Accrued liabilities			1,064,285
Accrued liabilities, related parties			0
Net cash used in operating activities			1,064,285
Cash Flows from Investing Activities:
Proceeds from asset disposals			0
Investments in land under development			0
Reimbursement of land under development cost from Metro District			0
Proceeds from sale of water rights			(1,064,285)
Net cash provided by (used in) investing activities			(1,064,285)
Net cash provided by financing activities			0
Net increase in cash			0
Cash at beginning of period			0
Cash at end of period	$ 0		$ 0

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) - USD ($)	1 Months Ended		3 Months Ended	6 Months Ended
	Sep. 30, 2021	Aug. 31, 2020	Sep. 30, 2021	Sep. 30, 2021	Mar. 31, 2021
Fair value of notes payable	$ 6,418,934		$ 6,418,934	$ 6,418,934	$ 5,881,033
Anti-dilutive common share equivalents excluded from the calculation of diluted loss per common share			1,226,540	1,195,496
Asset Purchase Agreement [Member]
Debt instrument, forgiveness	$ 400,000
Other Income [Member]
Loan amount forgiven			$ 400,000	$ 400,000
RMR Logistics and Logistics Segment [Member] | Discontinued Operations, Disposed of by Sale [Member]
Loss on disposition on sale		$ 836,778
Proceeds received		$ 1,286,768

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Discontinued Operations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total assets held for sale	$ 0		$ 0		$ 5,000
Net income (loss) from discontinued operations
Net income (loss) from discontinued operations	400,000	$ (898,250)	400,000	$ (1,309,495)
RMR Logistics and Logistics Segment [Member] | Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other noncurrent assets	5,000		5,000
Total assets held for sale	5,000		5,000
Accounts payable and accrued liabilities	23,853		23,853
Debt	400,000		400,000
Total liabilities held for sale	423,853		423,853
Net income (loss) from discontinued operations
Revenue		220		122,665
Cost of goods sold		(8,648)		(199,004)
Gross profit (loss)		(8,428)		(76,339)
Selling, general and administrative (including depreciation and amortization)		39,551		368,161
Other income	400,000		400,000
Interest expense, net		13,493		28,217
Loss on sales of fixed assets		(836,778)		(836,778)
Net income (loss) from discontinued operations	$ 400,000	$ (898,250)	$ 400,000	$ (1,309,495)

INVENTORY (Details)

INVENTORY (Details) - USD ($)	Sep. 30, 2021	Mar. 31, 2021
INVENTORY
Blasted Rock	$ 11,420
Total	$ 11,420	$ 0

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2021	Mar. 31, 2021
Property, Plant and Equipment [Line Items]
Total	$ 3,950,520	$ 3,968,028
Less: Accumulated Depreciation	(1,428,578)	(1,295,367)
Property, plant and equipment, net	2,521,942	2,672,661
Recoverable Limestone [Member]
Property, Plant and Equipment [Line Items]
Total	1,477,469	1,477,469
Mill Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	1,229,987	1,229,988
Mining Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	336,934	336,934
Mobile Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	827,157	844,664
Other [Member]
Property, Plant and Equipment [Line Items]
Total	$ 78,973	$ 78,973

NOTES PAYABLE (Details)

NOTES PAYABLE (Details)	Apr. 24, 2020USD ($)	Apr. 30, 2021USD ($)item	Jun. 30, 2020USD ($)item	Apr. 30, 2020USD ($)item	Jun. 30, 2021USD ($)
Note Purchase Agreement [Member]
Principal value		$ 861,111	$ 1,000,000	$ 1,000,000
Number of agreements with investor | item		2	2	2
Promissory notes (PPP loan) [Member]
Interest rate (as a percent)	1.00%
Proceeds from notes payable	$ 438,500
Loan amount forgiven					$ 438,500
Gain on extinguishment of debt					$ 438,500
Unsecured notes [Member]
Percentage of discount on the original issue price			10.00%	10.00%

NOTES PAYABLE - Schedule of Not

NOTES PAYABLE - Schedule of Notes Payable (Details) - USD ($)	Sep. 30, 2021	Mar. 31, 2021
Debt Instrument [Line Items]
Unamortized debt issuance cost	$ (22,890)	$ (54,892)
Notes Payable, Total	6,396,044	5,826,141
Discontinued operations		(400,000)
Less: current portion	(5,920,927)	(4,474,082)
Note payable	475,117	952,059
Equipment Loan [Member]
Debt Instrument [Line Items]
Notes payable gross	58,437	122,248
Secured promissory note [Member]
Debt Instrument [Line Items]
Notes payable gross	$ 5,002,746	3,582,183
Effective Interest Rate	12.00%
Term loan [Member]
Debt Instrument [Line Items]
Notes payable gross	$ 887,580	$ 1,250,424
Effective Interest Rate	10.00%	10.00%
Unsecured notes [Member]
Debt Instrument [Line Items]
Notes payable gross	$ 314,077	$ 337,678
Effective Interest Rate	1.09%	1.09%
Lines of credit [Member]
Debt Instrument [Line Items]
Notes payable gross	$ 156,094	$ 150,000
Effective Interest Rate	3.75%	3.75%
Secured disaster loan (SBA) [Member]
Debt Instrument [Line Items]
Notes payable gross	$ 6,418,934	$ 5,881,033
Promissory notes (PPP loan) [Member]
Debt Instrument [Line Items]
Notes payable gross		$ 438,500
Effective Interest Rate	1.00%
Minimum [Member] | Equipment Loan [Member]
Debt Instrument [Line Items]
Effective Interest Rate	2.10%	2.10%
Maximum [Member] | Equipment Loan [Member]
Debt Instrument [Line Items]
Effective Interest Rate	6.30%	6.30%

TRANSACTIONS WITH RELATED PAR_2

TRANSACTIONS WITH RELATED PARTIES (Details)	6 Months Ended
	Sep. 30, 2021USD ($)
Related Party Transaction [Line Items]
Notice period of consulting agreements	30 days
Officer [Member]
Related Party Transaction [Line Items]
Officers' compensation	$ 35,000
Non Executive Board Chairman [Member]
Related Party Transaction [Line Items]
Accrued compensation expense	$ 1,127,500

SHAREHOLDERS' EQUITY (Details)

SHAREHOLDERS' EQUITY (Details) - USD ($)	3 Months Ended				6 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Apr. 30, 2021	Mar. 31, 2021
Preferred stock, shares authorized	50,000,000				50,000,000
Accrued dividends	$ 238,992	$ 236,393	$ 238,992	$ 157,132
Share price	$ 25				$ 25
Proceeds from warrants					$ 0	$ 31,250
Minimum [Member]
Proceeds from issuance of common stock					$ 10,000,000
Common Stock
Common stock, shares authorized	2,100,000,000				2,100,000,000
Class A Common Stock
Common stock, shares authorized	2,000,000,000				2,000,000,000			2,000,000,000
Class B Common Stock
Common stock, shares authorized	100,000,000				100,000,000			100,000,000
Series A Preferred Stock [Member]
Preferred stock, shares authorized							118.47
Series A-1 Preferred Stock
Preferred stock, shares authorized	50,000,000				50,000,000		48.27	50,000,000
Accrued dividends					$ 8,000
Conversion price					$ 25
Series A-2 Preferred Stock
Preferred stock, shares authorized	50,000,000				50,000,000		19.45	50,000,000
Accrued dividends					$ 8,000
Conversion price					$ 21
Proceeds from issuance of Series A-2 Preferred shares					$ 0	$ 1,500,000
Series A-3 Preferred Stock
Preferred stock, shares authorized	50,000,000				50,000,000		50.75	50,000,000
Conversion price					$ 15

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details)	6 Months Ended
	Sep. 30, 2021shares
Share-based compensation arrangement by share-based payment award, expiration period	10 years
2015 Equity Incentive Plan [Member]
Share-based compensation arrangement by share-based payment award, award vesting rights, percentage	30.00%
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	856,714
Non Qualified Options [Member]
Share-based compensation arrangement by share-based payment award, percentage of outstanding stock maximum	33.00%

SEGMENT REPORTING - Description

SEGMENT REPORTING - Description (Details)	1 Months Ended		3 Months Ended		6 Months Ended
	Sep. 30, 2021USD ($)segment	Apr. 30, 2021USD ($)	Sep. 30, 2021USD ($)segment	Sep. 30, 2020segment	Sep. 30, 2021USD ($)segment	Sep. 30, 2020USD ($)	Dec. 31, 2018a
Segment Reporting Information [Line Items]
Number of reportable segments | segment			2	2
Number of major customers | segment					3
Number of construction companies | segment	2		2		2
Proceeds from issuance of unsecured tax exempt bonds		$ 65,200,000
Proceeds from tax exempt bonds to be used to fund the public improvements		$ 51,200,000
Sale price	$ 5,900,000
Gain on sale of assets	$ 4,800,000		$ 4,798,291		$ 4,798,291	$ 0
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Construction Company A [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage						70.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Construction Company B [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage						15.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Mining Operation [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage				21.00%		21.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Construction Company A [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage				21.00%		21.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Construction Company B [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage				47.00%		25.00%
Land Improvements [Member]
Segment Reporting Information [Line Items]
Area of Land | a							620

SEGMENT REPORTING - Reportable

SEGMENT REPORTING - Reportable Segments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2021
Segment Reporting Information [Line Items]
Revenue	$ 381,882	$ 174,300	$ 781,794	$ 443,261
Depreciation, depletion and amortization	74,145	78,568	149,649	157,506
Segment assets	20,476,367		20,476,367		$ 15,972,306
Gross profit	10,922	21,310	125,941	99,593
Property, plant and equipment	2,521,942		2,521,942		2,672,661
Land under development	7,707,006		7,707,006		$ 6,929,630
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue	381,882	174,300	781,794	443,261
Gross profit	10,922	21,310	125,941	99,593
Selling, general and administrative	3,113,199	3,051,235	5,923,648	5,965,605
Property, plant and equipment	2,521,942	2,812,479	2,521,942	2,812,479
Land under development	7,707,006		7,707,006
Land under development		7,510,052		7,510,052
Operating Segments [Member] | Aggregates
Segment Reporting Information [Line Items]
Revenue	381,882	174,300	781,794	443,261
Gross profit	10,922	21,310	125,941	99,593
Selling, general and administrative	145,356	193,558	285,990	632,179
Property, plant and equipment	2,494,917	2,750,867	2,494,917	2,750,867
Operating Segments [Member] | Rail Park
Segment Reporting Information [Line Items]
Land under development	7,707,006		7,707,006
Land under development		7,497,146		7,497,146
Operating Segments [Member] | Other
Segment Reporting Information [Line Items]
Selling, general and administrative	2,967,843	2,857,677	5,637,658	5,333,426
Property, plant and equipment	$ 27,025	61,612	$ 27,025	61,612
Land under development		$ 12,906		$ 12,906

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($)	6 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
COMMITMENTS AND CONTINGENCIES.
Undiscounted reclamation liability	$ 366,000	$ 366,000
Reclamation liability settlement term	20 years
Reclamation liabilities review period	3 years

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Schedule of Reconciliation of Carrying Amount of Accrued Reclamation Liabilities (Details)	6 Months Ended
	Sep. 30, 2021USD ($)
COMMITMENTS AND CONTINGENCIES.
Balance at beginning of period	$ 119,593
Liabilities incurred	0
Accretion expense	5,834
Balance at end of period	$ 125,427