Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 9 Months Ended
Dec. 31, 2016
PROPERTY AND EQUIPMENT [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

Fixed assets consisted of the following at:

    December 31, 2016     March 31, 2016  
Machinery and Equipment $ 1,048,699   $ 970,728  
Machinery under Capital Lease   735,781     735,781  
Machinery – Construction in progress   85,600     -  
Office Equipment   58,891     53,631  
Leasehold Improvements   3,979     3,979  
Less: Accumulated Depreciation   (808,445 )   (537,585 )
Fixed Assets, net $ 1,124,505   $ 1,226,534  

Depreciation expense for the nine months ended December 31, 2016 and December 31 2015 was $270,860 and $214,333, respectively.