Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
3 Months Ended
Jun. 30, 2017
PROPERTY AND EQUIPMENT [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

Fixed assets consisted of the following at:

    June 30, 2017     March 31, 2017  
Machinery and Equipment $ 1,200,293   $ 1,012,000  
Machinery under Capital Lease   735,781     735,781  
Machinery - Construction in Progress   75,138     185,848  
Office Equipment   79,681     79,681  
Leasehold Improvements   3,979     3,979  
Less: Accumulated Depreciation   (993,420 )   (897,141 )
Fixed Assets, net $ 1,101,452   $ 1,120,148  

Depreciation expense for the three months ended June 30, 2017 and 2016 was $96,279 and $89,439, respectively.