PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Mar. 31, 2015

NOTE 3 - PROPERTY, PLANT AND EQUIPMENT, NET

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

	2015			2014
Land	$	110,113		$	110,113
Building and improvements		3,235,308			3,261,680
Machinery equipment, furniture and fixtures		8,733,660			8,889,051
Equipment under capital leases		65,568			65,568
Total property, plant and equipment		12,144,649			12,326,412
Less: accumulated depreciation		(6,534,608	)		(5,837,200	)
Total property, plant and equipment, net	$	5,610,041		$	6,489,212

Depreciation expense for the years ended March 31, 2015 and 2014 was $839,508 and $895,528, respectively.