PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Sep. 30, 2013

NOTE 4 – PROPERTY, PLANT AND EQUIPMENT

	September 30, 2013			March 31, 2013
Land	$	110,113		$	110,113
Building and improvements	3,261,680			3,261,680
Machinery equipment, furniture and fixtures	8,882,938			8,826,050
Equipment under capital leases	65,568			46,378
Total property, plant and equipment	12,320,299			12,244,221
Less: accumulated depreciation	(5,413,017		)	(4,943,973		)
Total property, plant and equipment, net	$	6,907,282		$	7,300,248

Depreciation expense for the three and six months ended September 30, 2013 and 2012 was $220,604 and $469,044, and $195,727 and $388,650, 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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