Note 5 - Plant, Property, and Equipment, Net

9 Months Ended

Dec. 31, 2018

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,
	2018		2018
Machinery and equipment	$	3,316,669	$	3,594,861
Office equipment and automobiles		771,453		769,589
Building		12,466,550		13,606,722
Leasehold Improvements		3,885,230		4,240,568
Subtotal		20,439,902		22,211,740
Less: Accumulated depreciation and amortization		(5,947,625)		(5,418,327)
Total plant, property and equipment, net	$	14,492,277	$	16,793,413

The depreciation and amortization expense for the three months ended December 31, 2018 and 2017 was $325,040 and $336,599, respectively.

The depreciation and amortization expense for the nine months ended December 31, 2018 and 2017 was $1,007,443 and $951,711, respectively.