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PROPERTY, PLANT AND EQUIPMENT, NET
 6 Months Ended
Sep. 30, 2016
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,
2016

 

March 31,
2016

 

Land

 

$
110,113

 

$
110,113

 

Building and improvements

 
3,252,908

 
3,252,908

 

Machinery equipment, furniture and fixtures

 
8,533,099

 
8,418,243

 

Equipment under capital leases

 
65,568

 
65,568

 

 

 

 

 

 

 

Total property, plant and equipment

 
11,961,688

 
11,846,832

 

Less: accumulated depreciation

 
(7,386,136

)
(7,032,648

)

 

 

 

 

 

 

Total property, plant and equipment, net

 

$
4,575,552

 

$
4,814,184

 

 

 

 

 

 

 

 

 

 

Depreciation expense for the three and six months ended September 30, 2016 and 2015 was $177,438 and $353,488, and $195,892 and $393,119, respectively.