Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
12 Months Ended
Mar. 31, 2017
PROPERTY AND EQUIPMENT [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

Fixed assets consisted of the following at:

    March 31, 2017     March 31, 2016  
Machinery and Equipment $ 1,012,000   $ 970,728  
Machinery under Capital Lease   735,781     735,781  
Office Equipment   79,681     53,631  
Leasehold Improvements   3,979     3,979  
Less: Accumulated Depreciation   (897,149 )   (537,555 )
Fixed Assets, net $ 1,120,148   $ 1,226,534  

Depreciation expense for the years ended March 31, 2017 and 2016 was $359,556 and $318,328, respectively.