Property and Equipment

12 Months Ended

Mar. 27, 2022

Property and Equipment

Property and Equipment

Note 3. Property and Equipment

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

	2022		2021
Land	$	4,740,800	$	4,740,800
Building, building improvements and leasehold improvements		21,136,800		21,265,400
Information technology equipment		4,598,100		5,003,000
Furniture, telephone system, equipment and tooling		8,630,700		8,910,500
		39,106,400		39,919,700
Less accumulated depreciation		(28,270,500)		(27,348,100)
Property and equipment, net	$	10,835,900	$	12,571,600

Depreciation expense related to property and equipment was $1,562,700, $1,667,500, and $1,683,000 for fiscal years 2022, 2021 and 2020, respectively.