Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 3 Months Ended
Jun. 30, 2015
PROPERTY AND EQUIPMENT [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

Fixed assets consisted of the following at:

    June 30,     March 31,  
    2015     2015  
Machinery and Equipment $ 628,616   $ 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   (290,286 )   (219,257 )
Fixed Assets, net $ 1,131,721   $ 1,199,900  

Depreciation expense for the three month periods ending June 30, 2015 and 2014 was $71,029 and $16,534, respectively.