Note 4 - Plant, Property, and Equipment, Net

9 Months Ended

Dec. 31, 2015

Notes

Note 4 - Plant, Property, and Equipment, Net

NOTE 4 – PLANT, PROPERTY, AND EQUIPMENT, NET

The components of property and equipment were as follows:

	December 31,		March 31,
	2015		2015
Machinery & Equipment	$	1,758,137	$	1,495,311
Office equipment and automobiles		229,054		193,519
Building		12,746,960		12,586,247
Leasehold Improvements		1,231,982		1,302,465
Subtotal		15,966,133		15,577,542
Less: Accumulated Depreciation & Amortization		(3,017,585)		(2,713,381)
Total plant, property and equipment, net	$	12,948,548	$	12,864,161

The depreciation and amortization expense for the three months ended December 31, 2015 and 2014 was $153,964 and $161,063, respectively.

The depreciation and amortization expense for the nine months ended December 31, 2015 and 2014 was $468,176 and $452,267, respectively.