PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Dec. 31, 2014

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT	December 31, 2014			March 31, 2014
Land	$	110,113		$	110,113
Building and improvements		3,261,680			3,261,680
Machinery equipment, furniture and fixtures		8,943,410			8,889,051
Equipment under capital leases		65,568			65,568
Total property, plant and equipment		12,380,771			12,326,412
Less: accumulated depreciation		(6,470,941	)		(5,837,200	)
Total property, plant and equipment, net	$	5,909,830		$	6,489,212

Depreciation expense for the three and nine months ended December 31, 2014 and 2013 was $206,475 and $633,741, and $213,682 and $682,426, 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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