PROPERTY AND EQUIPMENT

9 Months Ended

12 Months Ended

Dec. 31, 2021

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

A summary of property and equipment is as follows:

	USEFUL		December 31,		March 31,
	LIFE		2021		2021
Computer and office equipment		5-7 years	$	440,000	$	445,000
Furniture and fixtures		7 years		98,000		98,000
Warehouse equipment		7 years		210,000		199,000
Molds and tooling		3-5 years		1,946,000		1,878,000
				2,694,000		2,620,000
Less: Accumulated depreciation				2,113,000		1,946,000
			$	581,000	$	674,000

Depreciation expense for the three months ended December 31, 2021 and 2020 was approximately $55,000 and $65,000, respectively. Depreciation expense for the nine months ended December 31, 2021 and 2020 was approximately $190,000 and $204,000, respectively.

NOTE 4 - PROPERTY AND EQUIPMENT

A summary of property and equipment is as follows:

	USEFUL	MARCH 31,		MARCH 31,
	LIFE	2021		2020
Computer and office equipment	5-7 years	$	400,000	$	400,000
Furniture and fixtures	7 years		100,000		100,000
Warehouse equipment	7 years		200,000		200,000
Molds and tooling	3-5 years		1,900,000		1,700,000
			2,600,000		2,400,000
Less: Accumulated depreciation			1,900,000		1,600,000
		$	700,000	$	800,000

Depreciation expense for fiscal years ended 2021 and 2020 was approximately $0.3 million.