Annual report pursuant to Section 13 and 15(d)

8. Property and Equipment

v3.20.2
8. Property and Equipment
 12 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 8 – Property and Equipment

 

Property and equipment consists of the following:

 

    March 31,  
    2020     2019  
Manufacturing, lab, and other equipment   $ 3,008,000     $ 3,575,000  
Office equipment     376,000       380,000  
Furniture and fixtures     102,000       110,000  
Leasehold improvements     481,000       576,000  
      3,967,000       4,641,000  
Less: accumulated depreciation and amortization     (3,602,000 )     (3,914,000 )
    $ 365,000     $ 727,000  

 

Depreciation and amortization expense amounted to $312,000 and $453,000 for the years ended March 31, 2020 and 2019, respectively.

 

For the year ended March 31, 2019, the Company incurred a loss of $21,000 on the disposal of property and equipment. For the year ended March 31, 2020, the Company incurred a loss of $18,000 on the disposal of property and equipment.