• Filing Date: 2018-02-14
  • Form Type: 10-Q
  • Description: Quarterly report
v3.8.0.1
Note 3 - Inventories
9 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Inventory Disclosure [Text Block]
NOTE
3
- INVENTORIES
       
 
Inventories at
December 31, 2017
consisted of the following:
 
   
Current
   
Long Term
   
Total
 
Raw materials
  $
489,860
    $
56,611
    $
546,471
 
Finished goods
   
11,086
     
-
     
11,086
 
    $
500,946
    $
56,611
    $
557,557
 
 
Inventories at
March 31, 2017
consisted of the following:
 
   
Current
   
Long Term
   
Total
 
Raw materials
  $
338,443
    $
56,611
    $
395,054
 
Finished goods
   
31,353
     
-
     
31,353
 
    $
369,796
    $
56,611
    $
426,407
 
 
The Company values its inventories at the lower of cost and net realizable value using the
first
in,
first
out method.