Quarterly report pursuant to Section 13 or 15(d)

Property & Equipment, Net

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

Note 5 – Property & Equipment, Net

 

Property and equipment, net, consists of the following:

 

    June 30,     March 31,  
    2020     2020  
      (Unaudited)          
Equipment   $ 148,814     $ 148,814  
Computer software     5,440       5,440  
Leasehold improvements     6,640       6,640  
Total     160,894       160,894  
Less accumulated depreciation and amortization     (72,917 )     (68,265 )
Property and equipment, net   $ 87,977     $ 92,629  

 

Depreciation expense for the three months ended June 30, 2020 and 2019 was approximately $5,000 and $10,000 respectively.