Quarterly report pursuant to Section 13 or 15(d)

Property & Equipment, Net

v3.20.4
Property & Equipment, Net
 9 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property & Equipment, Net

Note 5 – Property & Equipment, Net

 

Property and equipment, net, consists of the following:

 

    December 31,     March 31,  
    2020     2020  
    (Unaudited)        
Equipment   $ 230,777     $ 148,814  
Computer software     5,440       5,440  
Leasehold improvements     6,640       6,640  
Total     242,857       160,894  
Less accumulated depreciation and amortization     (94,617 )     (68,265 )
Property and equipment, net   $ 148,240     $ 92,629  

 

Depreciation expense for the three months ended December 31, 2020 and 2019 was approximately $11,000 and $9,000 respectively.

 

Depreciation expense for the nine months ended December 31, 2020 and 2019 was approximately $26,000 and $27,500 respectively.