PLANT, PROPERTY AND EQUIPMENT, NET

9 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

NOTE 5 – PLANT, PROPERTY AND EQUIPMENT, NET

The components of property and equipment were as follows:

	As of
	December 31, 2014		March 31, 2014
Machinery & Equipment	$	1,500,981	$	1,461,346
Furniture & Fixture		193,764		192,721
Leasehold Improvements		1,307,403		1,300,369
Building		12,633,967		12,554,094
Subtotal		15,636,115		15,508,530
Less: Accumulated Depreciation		(2,575,802)		(2,123,536)
Total plant, property and equipment, net	$	13,060,313	$	13,384,995

The depreciation expense for the three months ended December 31, 2014 and 2013 was $161,063 and $334,508, respectively.

The depreciation expense for the nine months ended December 31, 2014 and 2013 was $452,267 and $675,465, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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