Transition report pursuant to Rule 13a-10 or 15d-10

Equipment

v3.19.1
Equipment
9 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Equipment

NOTE 2 - EQUIPMENT

 

Equipment, stated at cost, less accumulated depreciation consisted of the following:

 

    December 31, 2018     March 31, 2018  
             
Machinery-technology equipment   $ 347,500     $ 347,500  
Machinery-technology equipment under construction     175,000       -  
      522,500       347,500  
Less accumulated depreciation     (149,620 )     (62,745 )
                 
    $ 372,880     $ 284,755  

 

Depreciation expense for the nine months ended December 31, 2018 and year ended March 31, 2018 was $86,875 and $62,745, respectively. As of December 31, 2018, the equipment under construction is approximately 50% complete, and is expected to be completed and placed into service during the year ended December 31, 2019.