Annual report pursuant to Section 13 and 15(d)

Property and equipment

v3.5.0.1
Property and equipment
 12 Months Ended
Mar. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and equipment

Note 4. Property and equipment

 

Property and equipment consisted of the following:

 

    Estimated Useful Life     March 31,
2016		     March 31,
2015		  
Research and development equipment     3 – 10 years     $ 192,672     $ 66,095  
Computer equipment     5 years       14,983       4,367  
Furniture and fixtures     5 – 10 years       3,725       725  
Leasehold improvements     *       3,240       —  
              214,620       71,187  
Less: Accumulated depreciation             (31,710 )     (5,675 )
Total           $ 182,910     $ 65,512  

 

(*) Amortized on a straight-line basis over the term of the lease or the estimated useful lives, whichever period is shorter.

 

The Company recorded depreciation expense of $26,035 and $5,675 for the year ended March 31, 2016 and the period May 12, 2014 (Inception) through March 31, 2015, respectively.