Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.21.2
Inventories
6 Months Ended
Jun. 30, 2021
Inventory Disclosure [Abstract]  
Inventories

NOTE 5 - Inventories

 

As of June 30, 2021 and December 31, 2020, inventories consisted of the following:

 

    June 30,
2021
    December 31,
2020
 
    (Unaudited)        
Satellite equipment for sale under construction   $ 6,476,397     $ 4,669,297  
Supplies     5,192       5,317  
      6,481,589       4,674,614  
Allowance for inventory loss     (5,192 )     (5,317 )
Net     6,476,397       4,669,297  
Prepayment for inventory     331,400       542,130  
Total   $ 6,807,797     $ 5,211,427