Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 3 Months Ended
Jun. 30, 2016
PROPERTY AND EQUIPMENT [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

Fixed assets consisted of the following at:

    June 30, 2016     March 31, 2016  
             
Machinery and Equipment $ 1,015,728   $ 970,728  
Machinery under Capital Lease   735,781     735,781  
Office Equipment   57,941     53,631  
Leasehold Improvements   3,979     3,979  
             
Less: Accumulated Depreciation   (627,024 )   (537,585 )
Fixed Assets, net $ 1,186,405   $ 1,226,534  

Depreciation expense for the years ended June 30, 2016 and June 30 2015 was $89,439 and $71,029, respectively.