PROPERTY AND EQUIPMENT

3 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

A summary of property and equipment is as follows:

	USEFUL		June 30,		March 31,
	LIFE		2021		2021
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		199,000
Molds and tooling		3-5 years		1,933,000		1,878,000
				2,675,000		2,620,000
Less: Accumulated depreciation				2,014,000		1,946,000
			$	661,000	$	674,000

THE SINGING MACHINE COMPANY, INC AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2021 and 2020

(Unaudited)

Depreciation expense for the three months ended June 30, 2021 and 2020 was approximately $68,000 and $71,000, respectively.