PROPERTY, PLANT AND EQUIPMENT, NET

6 Months Ended

Sep. 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:

	September 30, 2015			March 31, 2015
Land	$	110,113		$	110,113
Building and improvements	3,252,908			3,235,308
Machinery equipment, furniture and fixtures	8,732,059			8,733,660
Equipment under capital leases	65,568			65,568
Total property, plant and equipment	12,160,648			12,144,649
Less: accumulated depreciation	(6,927,727		)	(6,534,608		)
Total property, plant and equipment, net	$	5,232,921		$	5,610,041

Depreciation expense for the three and six months ended September 30, 2015 and 2014 were $195,892 and $393,119, and $211,752 and $427,268, respectively.