PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Dec. 31, 2013

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT

	December 31, 2013			March 31, 2013
Land	$	110,113		$	110,113
Building and improvements	3,261,680			3,261,680
Machinery equipment, furniture and fixtures	8,881,871			8,826,050
Equipment under capital leases	65,568			46,378
Total property, plant and equipment	12,319,232			12,244,221
Less: accumulated depreciation	(5,625,812		)	(4,943,973		)
Total property, plant and equipment, net	$	6,693,420		$	7,300,248

Depreciation expense for the three and nine months ended December 31, 2013 and 2012 was $213,382 and $682,426, and $194,925 and $583,574, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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