Property and Equipment

9 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 4 – PROPERTY AND EQUIPMENT

A summary of property and equipment is as follows:

	USEFUL	December 31,		March 31,
	LIFE	2020		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		199,000		195,000
Molds and tooling	3-5 years		1,765,000		1,680,000
			2,507,000		2,418,000
Less: Accumulated depreciation			1,851,000		1,647,000
		$	656,000	$	771,000

Depreciation expense for the three months ended December 31, 2020 and 2019 was approximately $65,000 and $77,000, respectively. Depreciation expense for the nine months ended December 31, 2020 and 2019 was approximately $204,000 and $196,000, respectively.