Transition report pursuant to Rule 13a-10 or 15d-10

Property and Equipment, Net

v3.21.1
Property and Equipment, Net
9 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

NOTE 5 — PROPERTY AND EQUIPMENT, NET

 

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

 

    December 31, 2020     March 31, 2020  
Machinery and equipment   $ 2,401,470     $ 2,355,165  
Construction in progress–equipment     104,400       1,376,000  
Computer equipment     443,865       420,552  
Leasehold improvements     321,033       307,539  
Molds and tooling     260,002       260,002  
Office furniture and equipment     138,699       136,275  
      3,669,469       4,855,533  
Less Accumulated depreciation     (3,422,146 )     (3,408,019 )
    $ 247,323     $ 1,447,514  

 

Depreciation expense relating to property and equipment was approximately $33,000 and $61,000 for the nine months ended December 31, 2020 and year ended March 31, 2020, respectively.