Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 9 Months Ended
Dec. 31, 2017
PROPERTY AND EQUIPMENT [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

Fixed assets consisted of the following at:

    December 31, 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   268,771     185,848  
Office Equipment   29,300     79,681  
Leasehold Improvements   -     3,979  
Less: Accumulated Depreciation   (1,135,604 )   (897,141 )
Fixed Assets, net $ 1,098,542   $ 1,120,148  

Depreciation expense for the nine months ended December 31, 2017 and December 31 2016 was $286,482 and $270,860, respectively.