Annual report pursuant to Section 13 and 15(d)

8. Property and Equipment

v3.21.2
8. Property and Equipment
12 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 8 – Property and Equipment

 

Property and equipment consists of the following:

 

    March 31,  
    2021     2020  
Manufacturing, lab, and other equipment   $ 1,170,000     $ 3,008,000  
Office equipment     109,000       376,000  
Furniture and fixtures     66,000       102,000  
Leasehold improvements     486,000       481,000  
      1,831,000       3,967,000  
Less: accumulated depreciation and amortization     (1,471,000 )     (3,602,000 )
    $ 360,000     $ 365,000  

 

Depreciation and amortization expense amounted to $227,000 and $312,000 for the years ended March 31, 2021 and 2020, respectively.

 

For the years ended March 31, 2021, the Company incurred a loss of $0 and $18,000, respectively, on the disposal of property and equipment.