Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.20.4
PROPERTY AND EQUIPMENT
9 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT [Text Block]

NOTE 2 - PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at:

 

 

 

December 31,
2020
(unaudited)

   

March 31,
2020

 
Machinery and equipment $ 4,402,275   $ 4,249,398  
Office equipment   32,992     32,992  
Less: accumulated depreciation   (3,554,088 )   (2,859,809 )

Property and equipment, net

$ 881,179   $ 1,422,581  

 

Depreciation expense for the three months ended December 31, 2020 and December 31, 2019 was $281,962 and $254,220, respectively.

 

Depreciation expense for the nine months ended December 31, 2020 and December 31, 2020 was $694,279 and $727,917, respectively.