Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.23.2
Property and Equipment
12 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 7 – Property and Equipment

 

Property and equipment consists of the following: 

               
    March 31,  
    2023     2022  
Manufacturing, lab, and other equipment   $ 1,624,000     $ 1,281,000  
Office equipment     202,000       139,000  
Furniture and fixtures     122,000       108,000  
Leasehold improvements     554,000       503,000  
Property and equipment, gross     2,502,000       2,031,000  
Less: accumulated depreciation and amortization     (2,014,000 )     (1,711,000 )
Total property and equipment, net and equipment, net    $ 488,000     $ 320,000  

 

Depreciation and amortization expense amounted to $125,000 and $186,000 for the years ended March 31, 2023 and 2022, respectively.