Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.3.1.900
PROPERTY AND EQUIPMENT
9 Months Ended
Dec. 31, 2015
PROPERTY AND EQUIPMENT [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

Fixed assets consisted of the following at:

    December 31,     March 31,  
    2015     2015  
Machinery and Equipment $ 645,228   $ 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   (433,591 )   (219,257 )
Fixed Assets, net $ 1,005,028   $ 1,199,900  

Depreciation expense for the nine months ending December 31, 2015 and 2014 was $214,333 and $107,801, respectively.