Property and Equipment

3 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

A summary of property and equipment is as follows:

	USEFUL LIFE	June 30, 2020		March 31, 2020
Computer and office equipment	5-7 years	$	445,000	$	445,000
Furniture and fixtures	7 years		98,000		98,000
Warehouse equipment	7 years		195,000		195,000
Molds and tooling	3-5 years		1,726,000		1,680,000
			2,464,000		2,418,000
Less: Accumulated depreciation			1,718,000		1,647,000
		$	746,000	$	771,000

Depreciation expense for the three months ended June 30, 2020 and 2019 was approximately $71,000 and $59,000, respectively.