PROPERTY, PLANT AND EQUIPMENT, NET

3 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

NOTE 8 - PROPERTY, PLANT AND EQUIPMENT, NET

	June 30, 2018			March 31, 2018
Land	$	110,113		$	110,113
Building and improvements		3,252,908			3,252,908
Machinery equipment, furniture and fixtures		10,123,689			10,058,797
Construction in progress		21,420			24,263
Equipment under capital leases		54,376			54,376
Total property, plant and equipment		13,562,506			13,500,457
Less: accumulated depreciation		(8,483,594	)		(8,298,009	)
Total property, plant and equipment, net	$	5,078,912		$	5,202,448

Depreciation expense, which includes amortization of equipment under capital leases, for the three months ended June 30, 2018 and 2017 was $185,585 and $171,613, respectively.

Capitalized leases included in property, plant and equipment were $54,376 at both June 30, 2018 and March 31, 2018. Accumulated depreciation on all property, plant and equipment accounted for as capitalized leases was $16,313 and $13,594 at June 30, 2018 and March 31, 2018, respectively.

We capitalize interest on borrowings during the active construction period of major capital projects. Capitalized interest is added to the cost of the underlying assets and is amortized over the useful lives of the assets. Capitalized interest for the periods ended June 30, 2018 and March 31, 2018 was $264 and $14,791, respectively.