Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Property and Equipment

v3.3.1.900
Note 3 - Property and Equipment
9 Months Ended
Dec. 31, 2015
Notes  
Note 3 - Property and Equipment

NOTE 3 – PROPERTY, PLANT AND EQUIPMENT

 

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

 

December 31, 2015

March 31, 2015

Office furniture and equipment

 $                 956,362

 $                 937,274

Service and shop equipment

560,282

573,233

Vehicles

2,805,416

3,040,439

Land and buildings

6,655,361

6,746,597

Total property and equipment

10,977,421

11,297,543

Accumulated depreciation

(2,527,929)

(2,021,578)

Net property and equipment

 $                   8,449,492

 $               9,275,965