PROPERTY, PLANT AND EQUIPMENT, NET

9 Months Ended

Dec. 31, 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:

	December 31, 2016			March 31, 2016
Land	$	110,113		$	110,113
Building and improvements	3,252,908			3,252,908
Machinery equipment, furniture and fixtures	8,843,922			8,418,243
Equipment under capital leases	65,568			65,568
Total property, plant and equipment	12,272,511			11,846,832
Less: accumulated depreciation	(7,524,621		)	(7,032,648		)
Total property, plant and equipment, net	$	4,747,890		$	4,814,184

Depreciation expense for the three and nine months ended December 31, 2016 and 2015 was $165,626 and $519,114 and $187,908 and $582,628, respectively.