General form of registration statement for all companies including face-amount certificate companies

7. Property and Equipment (March 2014 note)

v2.4.1.9
7. Property and Equipment (March 2014 note)
12 Months Ended
Mar. 31, 2014
Property, Plant and Equipment [Abstract]  
7. Property and Equipment

Property and equipment consists of the following:

 

    March 31,  
    2014     2013  
Manufacturing, lab, and other equipment   $ 3,073,000     $ 2,731,000  
Office equipment     302,000       356,000  
Furniture and fixtures     88,000       78,000  
Leasehold improvements     269,000       282,000  
      3,732,000       3,447,000  
Less: accumulated depreciation and amortization     (2,761,000 )     (2,647,000 )
    $ 971,000     $ 800,000  

 

Depreciation and amortization expense amounted to $284,000 and $268,000 for the years ended March 31, 2014 and 2013, respectively.

 

During the year ended March 31, 2014 and 2013, the Company incurred losses on the disposal of property and equipment in the amounts of $39,000 and $2,000, respectively.  This amount was recorded within operating expenses in the accompanying consolidated statements of comprehensive income (loss).