Property and Equipment

12 Months Ended

Mar. 31, 2019

Note 3. Property and Equipment

All of the Company’s property and equipment is located in the United States and is summarized as follows:


	2019		2018

Land	$	4,740,800	$	4,740,800
Building, building improvements and leasehold improvements		20,926,500		20,896,300
Information technology equipment		6,026,300		4,988,600
Furniture, telephone system, equipment and tooling		8,582,800		7,569,400
		40,276,400		38,195,100
Less accumulated depreciation and amortization		(25,272,900)		(24,532,300)
Property and equipment, net	$	15,003,500	$	13,662,800

Depreciation and amortization of property and equipment was $3,618,900, $3,992,600, and $4,238,900 for fiscal years 2019, 2018 and 2017, respectively.