Quarterly report pursuant to Section 13 or 15(d)

Inventories

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Inventories
9 Months Ended
Dec. 31, 2018
Inventories [Abstract]  
Inventories

NOTE 4 - Inventories

 

As of December 31, 2018 and March 31, 2018, inventories consisted of the following:

 

      December 31,
2018
    March 31, 2018  
      (Unaudited)        
  Satellite equipment for sale under construction   $ -     $ 197,645  
  Parts     -       11,029  
  Supplies     5,273       5,468  
        5,273       214,142  
  Allowance for inventory loss     (5,273 )     (5,468 )
  Net   $ -     $ 208,674  

 

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