PROPERTY, PLANT AND EQUIPMENT, NET

9 Months Ended

Dec. 31, 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:

	December 31, 2015			March 31, 2015
Land	$	110,113		$	110,113
Building and improvements	3,252,908			3,235,308
Machinery equipment, furniture and fixtures	8,731,080			8,733,660
Equipment under capital leases	65,568			65,568
Construction in progress	174,615			—
Total property, plant and equipment	12,334,284			12,144,649
Less: accumulated depreciation	(7,117,236		)	(6,534,608		)
Total property, plant and equipment, net	$	5,217,048		$	5,610,041

Depreciation expense for the three and nine months ended December 31, 2015 and 2014 was $187,908 and $582,628, and $206,475 and $633,741, respectively.