PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Mar. 31, 2014

NOTE 3 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment, net consisted of the following as of March 31:

	2014			2013
Land	$	110,113		$	110,113
Building and improvements	3,261,680			3,261,680
Machinery equipment, furniture and fixtures	8,889,051			8,826,050
Equipment under capital leases	65,568			46,378
Total property, plant and equipment	12,326,412			12,244,221
Less: accumulated depreciation	(5,837,200		)	(4,943,973		)
Total property, plant and equipment, net	$	6,489,212		$	7,300,248

Depreciation expense for the years ended March 31, 2014 and 2013 was $895,528 and $804,564, 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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