Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
12 Months Ended
Mar. 31, 2016
PROPERTY AND EQUIPMENT [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

Fixed assets consisted of the following at:

    March 31, 2016     March 31, 2015  
Machinery and Equipment $ 970,728   $ 625,766  
Machinery under Capital Lease   735,781     735,781  
Office Equipment   53,631     53,631  
Leasehold Improvements   3,979     3,979  
             
Less: Accumulated Depreciation   (537,555 )   (219,257 )
Fixed Assets, net $ 1,226,534   $ 1,199,900  

Depreciation expense for the years ended March 31, 2016 and 2015 was $318,328 and $175,036, respectively.