Note 5 - Plant, Property, and Equipment, Net

9 Months Ended

Dec. 31, 2017

Notes

Note 5 - Plant, Property, and Equipment, Net

NOTE 5 – PLANT, PROPERTY, AND EQUIPMENT, NET

 The components of property and equipment were as follows:

	December 31,		March 31,
	2017		2017
Machinery and equipment	$	3,459,466	$	2,254,813
Office equipment		739,992		717,259
Building		13,094,246		12,401,320
Leasehold improvements		4,080,854		2,803,052
Subtotal		21,374,558		18,176,444
Less: Accumulated depreciation and amortization		(4,872,620)		(3,689,309)
Total plant, property and equipment, net	$	16,501,938	$	14,487,135

The depreciation and amortization expense for the three months ended December 31, 2017 and 2016 was $336,599 and $176,755, respectively.

The depreciation and amortization expense for the nine months ended December 31, 2017 and 2016 was $951,711 and $534,567, respectively.