Property and Equipment

12 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 6 - PROPERTY AND EQUIPMENT

A summary of property and equipment is as follows:

	USEFUL LIFE	MARCH 31, 2019		MARCH 31, 2018
Computer and office equipment	5 years	$	140,575	$	286,928
Furniture and fixtures	7 years		98,410		98,410
Warehouse equipment	7 years		209,419		238,471
Molds and tooling	3-5 years		1,466,837		2,788,905
			1,915,241		3,412,714
Less: Accumulated depreciation			1,392,331		2,962,409
		$	522,910	$	450,305

Depreciation expense for fiscal years ended 2019 and 2018 was approximately $0.3 million and $0.2 million, respectively.

During fiscal 2019 we disposed of approximately $1.8 million of fully depreciated assets consisting primarily of molds and tooling for obsolete products no longer in production.