PROPERTY, PLANT AND EQUIPMENT, NET

3 Months Ended

Jun. 30, 2015

PROPERTY, PLANT AND EQUIPMENT, NET

PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT, NET

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

	June 30, 2015			March 31, 2015
Land	$	110,113		$	110,113
Building and improvements	3,235,308			3,235,308
Machinery equipment, furniture and fixtures	8,733,884			8,733,660
Equipment under capital leases	65,568			65,568
Construction in progress	17,600			—
Total property, plant and equipment	12,162,473			12,144,649
Less: accumulated depreciation	(6,732,128		)	(6,534,608		)
Total property, plant and equipment, net	$	5,430,345		$	5,610,041

Depreciation expense for the three months ended June 30, 2015 and 2014 was $197,228 and $215,516, respectively.