PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Dec. 31, 2012

NOTE 3 - PROPERTY, PLANT AND EQUIPMENT

	December 31, 2012			March 31, 2012
Land	$	110,113		$	110,113
Building and improvements	3,345,662			3,345,662
Machinery equipment, furniture and fixtures	8,477,009			8,102,700
Equipment under capital leases	46,378			56,242
Total property, plant and equipment	11,979,162			11,614,717
Less: accumulated depreciation	(4,725,470		)	(4,219,272		)
Total property, plant and equipment, net	$	7,253,692		$	7,395,445

Depreciation expense for the three and nine months ended December 31, 2012 and 2011 was $194,925 and $583,574, and, $132,119 and $357,341, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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