Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.19.3
Inventories
 9 Months Ended
Sep. 30, 2019
Inventory Disclosure [Abstract]  
Inventories

NOTE 4 - Inventories

 

As of September 30, 2019 and December 31, 2018, inventories consisted of the following:

 

    September 30,
2019		     December 31,
2018		  
    (Unaudited)        
Satellite equipment for sale under construction   $ 2,380,364     $ 895,014  
Supplies     5,215       5,273  
      2,385,579       900,287  
Allowance for inventory loss     (5,215 )     (5,273 )
Net   $ 2,380,364     $ 895,014  

 

As of December 31, 2018, the Company transferred inventories in the amount of $11,029 to R&D expenses.