Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Property and Equipment

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Note 3 - Property and Equipment
6 Months Ended
Sep. 30, 2015
Notes  
Note 3 - Property and Equipment

NOTE 3 – PROPERTY, PLANT AND EQUIPMENT

 

Property and equipment consisted of the following as of September 30, 2015 and March 31, 2015:

 

September 30, 2015

March 31, 2015

Office furniture and equipment

 $ 941,298

 $ 937,274

Service and shop equipment

561,131

573,233

Vehicles

2,808,578

3,040,439

Land and buildings

6,690,290

6,746,597

Total property and equipment

11,001,297

11,297,543

Accumulated depreciation

(2,304,122)

(2,021,578)

Net property and equipment

 $ 8,697,175

 $ 9,275,965