PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following as of March 31:	2019			2018
Land	$	110,113		$	110,113
Building and improvements		3,249,577			3,252,908
Machinery equipment, furniture and fixtures		10,238,870			10,058,797
Construction in progress		-			24,263
Equipment under capital leases		54,376			54,376
Total property, plant and equipment		13,652,936			13,500,457
Less: accumulated depreciation		(8,792,327	)		(8,298,009	)
Total property, plant and equipment, net	$	4,860,609		$	5,202,448

Depreciation expense, which includes amortization of equipment under capital leases, for the years ended March 31, 2019 and 2018 was $749,755 and $704,284, respectively. Accumulated amortization of equipment accounted for as capitalized leases was $24,469 and $13,594 at March 31, 2019 and 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 year ended March 31, 2019 and 2018 was $2,466 and $14,791, respectively.