PROPERTY, PLANT AND EQUIPMENT, NET

6 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

NOTE 8 - PROPERTY, PLANT AND EQUIPMENT, NET

	September 30, 2018			March 31, 2018
Land	$	110,113		$	110,113
Building and improvements		3,252,908			3,252,908
Machinery equipment, furniture and fixtures		10,159,400			10,058,797
Construction in progress		151,808			24,263
Equipment under capital leases		54,376			54,376
Total property, plant and equipment		13,728,605			13,500,457
Less: accumulated depreciation		(8,670,069	)		(8,298,009	)
Total property, plant and equipment, net	$	5,058,536		$	5,202,448

Depreciation expense, which includes amortization of equipment under capital leases, for the three and six months ended September 30, 2018 and 2017 was $186,475 and $372,060, and $179,808 and $351,422, respectively.

Capitalized leases included in property, plant and equipment were $54,376 at both September 30, 2018 and March 31, 2018. Accumulated depreciation on all property, plant and equipment accounted for as capitalized leases was $19,032 and $13,594 at September 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 September 30, 2018 and March 31, 2018 was $2,312 and $14,791, respectively.