Note 7 - Property and Equipment

12 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 7 - Property and Equipment

Property and equipment is recorded at cost and depreciated using the straight-line method over the estimated useful life of the asset or, in the case of leasehold improvements amortized over the lesser of the useful life of the asset or the underlying lease term. We recorded depreciation expense of  $25,775 and $34,654 on a consolidated basis for the years ended year ended March 31, 2022 and 2021, respectively, net of depreciation capitalized in inventory of $349,015 and $532,785. Discontinued operations included $16,391 and $21,855 for the years ended  March 31, 2022 and 2021, respectively. At March 31, 2022, there was no remaining property and equipment as the result of the completed disposition of the Nevada Subsidiaries (Note 13).