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PROPERTY, PLANT AND EQUIPMENT, NET
6 Months Ended
Sep. 30, 2023
PROPERTY, PLANT AND EQUIPMENT, NET  
PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 9 - PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following as of:

    

September 30, 2023

    

March 31, 2023

Land

$

110,113

$

110,113

Building and improvements

 

3,293,986

3,293,986

Machinery equipment, furniture, and fixtures

 

25,671,848

23,018,713

Construction-in-progress

 

114,990

149,576

Total property, plant, and equipment

 

29,190,937

26,572,388

Less: accumulated depreciation and amortization

 

(13,426,260)

(12,658,364)

Total property, plant and equipment, net

$

15,764,677

$

13,914,024

We capitalize interest on borrowings during active construction periods for major capital projects. Capitalized interest is added to the cost of the underlying assets and is amortized over the useful lives of the assets. Interest capitalized for the six months ended September 30, 2023 was $14,455.