Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.20.2
Property and Equipment, Net
3 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

NOTE 4 — PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consisted of the following at June 30, 2020 and March 31, 2020:

 

    June 30, 2020     March 31, 2020  
Machinery and equipment   $ 2,355,165     $ 2,355,165  
Construction in progress–equipment     1,480,400       1,376,000  
Computer equipment     424,851       420,552  
Leasehold improvements     307,539       307,539  
Molds and tooling     260,002       260,002  
Office furniture and equipment     136,275       136,275  
      4,964,232       4,855,533  
Less Accumulated depreciation     (3,416,852 )     (3,408,019 )
    $ 1,547,380     $ 1,447,514  

 

Depreciation expense relating to property and equipment was approximately $9,000 and $17,000 for the three months ended June 30, 2020 and 2019, respectively.