PROPERTY, PLANT AND EQUIPMENT, NET
 6 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET
NOTE 4 - PROPERTY, PLANT AND EQUIPMENT, NET
 
Property, plant and equipment, net consisted of the following as of: 
 
 
 
September 30, 2017
 
March 31, 2017
 
Land
 
$
110,113
 
$
110,113
 
Building and improvements
 
 
3,252,908
 
 
3,252,908
 
Machinery equipment, furniture and fixtures
 
 
9,896,917
 
 
8,601,199
 
Construction in progress
 
 
--
 
 
487,331
 
Equipment under capital leases
 
 
54,376
 
 
54,376
 
Total property, plant and equipment
 
 
13,314,314
 
 
12,505,927
 
Less: accumulated depreciation
 
 
(7,945,147)
 
 
(7,593,725)
 
Total property, plant and equipment, net
 
$
5,369,167
 
$
4,912,202
 
 
Depreciation expense, which includes amortization of equipment under capital leases, for the three and six months ended September 30, 2017 and 2016 was $179,808 and $351,422, and $177,438 and $353,488, respectively.
 
Capitalized leases were $54,376 at the end of September 30, 2017 and March 31, 2017. Accumulated depreciation on all property, plant and equipment accounted for as capitalized leases at September 30, 2017 and March 31, 2017, was $8,156 and $2,719, respectively.
 
We capitalize interest during the active construction period of major capital projects. Capitalized interest is added to the cost of the underlying assets and is amortized over the useful lives of the assets. Capitalized interest for the three and six months ended September 30, 2017 was $8,590 and $13,257, respectively.