Quarterly report pursuant to Section 13 or 15(d)

Property and equipment

v3.3.1.900
Property and equipment
 9 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property and equipment

Note 4. Property and equipment

 

Property and equipment consisted of the following:  

 

        December 31,     March 31,  
    Estimated Useful Life   2015     2015  
Research and development equipment   3 – 10 years   $ 192,672     $ 66,095  
Computer equipment   5 years     13,718       4,367  
Furniture and fixtures   5 – 10 years     3,725       725  
Leasehold improvements   *     3,240       —  
          213,355       71,187  
Less: Accumulated depreciation         (21,293 )     (5,675 )
Total       $ 192,062     $ 65,512  

  

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

 

The Company recorded depreciation expense of $8,456 and $2,185 for the three months ended December 31, 2015 and 2014, respectively. The Company recorded depreciation expense of $15,618 and $4,127 for the nine months ended December 31, 2015 and the period May 12, 2014 (Inception) through December 31, 2014, respectively.