Quarterly report pursuant to Section 13 or 15(d)

Property & Equipment, Net

v3.20.2
Property & Equipment, Net
 6 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
Property & Equipment, Net

Note 5 – Property & Equipment, Net

 

Property and equipment, net, consists of the following:

 

    September 30,     March 31,  
    2020     2020  
    (Unaudited)          
Equipment   $ 177,865     $ 148,814  
Computer software     5,439       5,440  
Leasehold improvements     6,640       6,640  
Total     189,944       160,894  
Less accumulated depreciation and amortization     (83,344 )     (68,265 )
Property and equipment, net   $ 106,600     $ 92,629  

 

Depreciation expense for the three months ended September 30, 2020 and 2019 was approximately $5,000 and $9,000 respectively.

 

Depreciation expense for the six months ended September 30, 2020 and 2019 was approximately $15,000 and $19,000 respectively.