Annual report pursuant to Section 13 and 15(d)

Property and Equipment

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Property and Equipment
12 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 7 – Property and Equipment

 

Property and equipment, net consists of the following:

           
    March 31,  
    2024     2023  
Manufacturing, lab, and other equipment   $ 1,776,000     $ 1,624,000  
Office equipment     236,000       202,000  
Furniture and fixtures     128,000       122,000  
Leasehold improvements     605,000       554,000  
Property and equipment, gross     2,745,000       2,502,000  
Less: accumulated depreciation and amortization     (2,380,000 )     (2,014,000 )
Total property and equipment, net and equipment, net    $ 365,000     $ 488,000  

 

Depreciation and amortization expense amounted to $176,000 and $125,000 for the years ended March 31, 2024 and 2023, respectively.