Quarterly report pursuant to Section 13 or 15(d)

Property & Equipment, Net

v3.20.1
Property & Equipment, Net
9 Months Ended
Dec. 31, 2019
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,  
    2019     2019  
    (Unaudited)        
Equipment   $ 148,813     $ 122,210  
Computer software     5,440       5,441  
Leasehold improvements     6,640       6,640  
Total     160,893       134,291  
Less accumulated depreciation and amortization     (59,450 )     (31,913 )
Property and equipment, net   $ 101,443     $ 102,378  

 

Depreciation expense for the three months ended December 31, 2019 and 2018 was approximately $9,000 and $2,500 respectively. Depreciation expense for the nine months ended December 31, 2019 and 2018 was approximately $27,500 and $10,000 respectively.