Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.22.2
Property and Equipment
12 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 8 – Property and Equipment

 

Property and equipment consists of the following:

               
    March 31,  
    2022     2021  
Manufacturing, lab, and other equipment   $ 1,281,000     $ 1,170,000  
Office equipment     139,000       109,000  
Furniture and fixtures     108,000       66,000  
Leasehold improvements     503,000       486,000  
Property and equipment, gross      2,031,000       1,831,000  
Less: accumulated depreciation and amortization     (1,711,000 )     (1,471,000 )
Property and equipment, net    $ 320,000     $ 360,000  

 

Depreciation and amortization expense amounted to $186,000 and $227,000 for the years ended March 31, 2022 and 2021, respectively.