PROPERTY AND EQUIPMENT

9 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 6 – PROPERTY AND EQUIPMENT

A summary of property and equipment is as follows:

	USEFUL LIFE	December 31, 2022		March 31, 2022
Computer and office equipment	5-7 years	$	503,000	$	440,000
Furniture and fixtures	7 years		105,000		98,000
Warehouse equipment	7 years		210,000		210,000
Molds and tooling	3-5 years		2,066,000		1,986,000
			2,884,000		2,734,000
Less: Accumulated depreciation			2,343,000		2,169,000
		$	541,000	$	565,000

Depreciation expense for the three months ended December 31, 2022 and 2021 was approximately $53,000 and $55,000, respectively.

Depreciation expense for the nine months ended December 31, 2022 and 2021 was approximately $173,000 and $190,000, respectively.