Post-effective amendment to a registration statement that is not immediately effective upon filing

7. Property and Equipment

v3.2.0.727
7. Property and Equipment
 12 Months Ended
Mar. 31, 2015
Property, Plant and Equipment [Abstract]  
7. Property and Equipment

Property and equipment consists of the following:

 

    March 31,  
    2015     2014  
Manufacturing, lab, and other equipment   $ 2,937,000     $ 3,073,000  
Office equipment     278,000       302,000  
Furniture and fixtures     82,000       88,000  
Leasehold improvements     249,000       269,000  
      3,546,000       3,732,000  
Less: accumulated depreciation and amortization     (2,751,000 )     (2,761,000 )
    $ 795,000     $ 971,000  

 

Depreciation and amortization expense amounted to $253,000 and $284,000 for the years ended March 31, 2015 and 2014, respectively.

 

During the years ended March 31, 2015 and 2014, the Company incurred gains of $13,000 and losses of $39,000, respectively, on the disposal of property and equipment.  This amount was recorded within operating expenses in the accompanying consolidated statements of comprehensive (loss) income.