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PROPERTY AND EQUIPMENT
12 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 - PROPERTY AND EQUIPMENT

 

A summary of property and equipment is as follows:

  

   USEFUL  MARCH 31,   MARCH 31, 
   LIFE  2022   2021 
            
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   2,000,000    1,900,000 
       2,700,000    2,600,000 
Less: Accumulated depreciation      2,100,000    1,900,000 
      $600,000   $700,000 

 

Depreciation expense for fiscal years ended 2022 and 2021 was approximately $0.2 million and $0.2 million, respectively.