Note 5 - Plant, Property, and Equipment, Net

12 Months Ended

Mar. 31, 2015

Notes

Note 5 - Plant, Property, and Equipment, Net

NOTE 5 – PLANT, PROPERTY, AND EQUIPMENT, NET

The components of property and equipment were as follows:

	March 31, 2015		March 31, 2014
Machinery & Equipment	$	1,495,311	$	1,461,347
Office equipment & automobiles		193,519		192,721
Building		12,586,247		12,554,094
Leasehold Improvements		1,302,465		1,300,369
Subtotal		15,577,542		15,508,531
Less: Accumulated Depreciation & Amortization		(2,713,381)		(2,123,536)
Total plant, property and equipment, net	$	12,864,161	$	13,384,995

The depreciation and amortization expense for the years ended March 31, 2015 and 2014 was $585,908 and $579,507, respectively.