PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Jun. 30, 2013

NOTE 4 — PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment, net consisted of the following as of:

	June 30, 2013			March 31, 2013
Land	$	110,113		$	110,113
Building and improvements	3,261,680			3,261,680
Machinery equipment, furniture and fixtures	8,882,700			8,826,050
Equipment under capital leases	46,378			46,378
Total property, plant and equipment	12,300,871			12,244,221
Less: accumulated depreciation	(5,192,413		)	(4,943,973		)
Total property, plant and equipment, net	$	7,108,458		$	7,300,248

Depreciation expense for the three months ended June 30, 2013 and 2012 was $248,440 and $192,923, 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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