• Filing Date: 2017-02-21
  • Form Type: 10-Q
  • Description: Quarterly report
v3.6.0.2
Note 3 - Inventories
9 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Inventory Disclosure [Text Block]
NOTE
3
- INVENTORIES
     
 
Inventories at
December
31,
2016
consisted of the following:
 
   
Current
   
Long Term
   
Total
 
Raw materials
  $
446,623
    $
35,063
    $
481,686
 
Finished goods
   
23,624
     
581
     
24,205
 
    $
470,247
    $
35,644
    $
505,891
 
 
Inventories at
March
31,
2016
consisted of the following:
 
 
 
 
 
   
Current
   
Long Term
   
Total
 
Raw materials
  $
187,333
    $
51,939
    $
239,272
 
Finished goods
   
28,775
     
718
     
29,493
 
    $
216,108
    $
52,657
    $
268,765
 
 
 
 
 
 
 
 
 
The Company values its inventories at the
first
in,
first
out ("FIFO") method at the lower of cost or market.