Note 2. Property and Equipment

9 Months Ended

Dec. 31, 2014

Notes

Note 2. Property and Equipment

Note 2. Property and Equipment

Property and equipment consist of the following at December 31, 2014:

	IFC		Morris			Smith			Total
Land, Buildings and Improvements	$	-	$	-		$	15,797		$	15,797
Tractors and Trailers		-		2,086,141			2,908,480			4,994,621
Vehicles		-		-			106,407			106,407
Furniture, Fixtures and Equipment		-		10,897			284,625			295,522
Less: accumulated depreciation		-		(1,198,245	)		(3,131,474	)		(4,329,719	)
Total	$	-	$	898,793		$	183,835		$	1,082,628

Depreciation expense totaled $426,098 and $676,039 for the nine months ended December 31, 2014 and 2013

Property and equipment consist of the following at March 31, 2014:

	IFC		Morris			Smith			Total
Land, Buildings and Improvements	$	-	$	1,969		$	15,797		$	17,766
Tractors and Trailers		-		3,274,557			2,887,513			6,162,070
Vehicles		-		29,934			106,407			136,341
Furniture, Fixtures and Equipment		-		221,828			284,625			506,453
Less: accumulated depreciation		-		(1,742,790	)		(3,117,801	)		(4,860,591	)
Total	$	-	$	1,785,498		$	176,541		$	1,962,039