PROPERTY AND EQUIPMENT

12 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 5 PROPERTY AND EQUIPMENT

 

Property and equipment at March 31, 2016 and 2015 consists of the following:

	2016 (Audited)		2015 (Audited and Restated)
Laboratory, manufacturing, and warehouse equipment	$	8,255,286	$	7,593,017
Office equipment and Software		234,634		209,551
Furniture and fixtures		49,804		49,804
Transportation equipment		66,855		66,855
Land, building and improvements		6,230,543		4,556,692
		14,837,122		12,475,919
Less: Accumulated depreciation		(6,726,401)		(6,074,117)
	$	8,110,721	$	6,401,802

Depreciation expense amounted to $652,284 and $566,028 for the years ended March 31, 2016 and 2015, respectively.