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Property and Equipment
12 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 4 - PROPERTY AND EQUIPMENT

 

A summary of property and equipment is as follows:

 

    USEFUL   MARCH 31,     MARCH 31,  
    LIFE   2021     2020  
                 
Computer and office equipment   5-7 years   $ 400,000     $ 400,000  
Furniture and fixtures   7 years     100,000       100,000  
Warehouse equipment   7 years     200,000       200,000  
Molds and tooling   3-5 years     1,900,000       1,700,000  
          2,600,000       2,400,000  
Less: Accumulated depreciation         1,900,000       1,600,000  
        $ 700,000     $ 800,000  

 

Depreciation expense for fiscal years ended 2021 and 2020 was approximately $0.3 million.