Property and Equipment

9 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment is composed of the following at December 31, 2018 and March 31, 2018:

	December 31,			March 31,
	2018			2018
Laboratory equipment	$	888,300		$	888,300
Tenant improvements		214,400			26,900
Computers and network equipment		54,600			54,600
Office furniture and equipment		84,500			79,700
		1,241,800			1,049,500
Accumulated depreciation and amortization		(906,900	)		(842,100	)
Property and equipment, net	$	334,900		$	207,400

The increase in tenant improvements reflects recently completed construction at our South San Francisco, California offices. Under the terms of our November 2016 lease extension agreement, our landlord has provided a cash reimbursement of $158,600 of such tenant improvement costs. Such reimbursement is a component of the deferred rent liability shown on our Condensed Consolidated Balance Sheet at December 31, 2018.