Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.20.2
Inventories
6 Months Ended
Jun. 30, 2020
Inventory Disclosure [Abstract]  
Inventories

NOTE 4 - Inventories

 

As of June 30, 2020 and December 31, 2019, inventories consisted of the following:

 

    June 30,
2020
    December 31,
2019
 
    (Unaudited)        
Satellite equipment for sale under construction   $ 4,669,297     $ 3,038,564  
Supplies     5,253       5,230  
      4,674,550       3,043,794  
Allowance for inventory loss     (5,253 )     (5,230 )
Net     4,669,297       3,038,564  
Inventory prepayment     180,710       -  
Total   $ 4,850,007     $ 3,038,564