Annual report pursuant to Section 13 and 15(d)

7. Property and Equipment

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7. Property and Equipment
 12 Months Ended
Mar. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

Property and equipment consists of the following:

 

    March 31,  
    2016     2015  
Manufacturing, lab, and other equipment   $ 3,075,000     $ 2,937,000  
Office equipment     298,000       278,000  
Furniture and fixtures     83,000       82,000  
Leasehold improvements     307,000       249,000  
      3,763,000       3,546,000  
Less: accumulated depreciation and amortization     (2,913,000 )     (2,751,000 )
    $ 850,000     $ 795,000  

 

Depreciation and amortization expense amounted to $244,000 and $253,000 for the years ended March 31, 2016 and 2015, respectively.

 

During the year ended March 31, 2015, the Company realized a gain of $13,000 on the disposal of property and equipment.  This amount was recorded within operating expenses in the accompanying consolidated statements of comprehensive loss.