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Discontinued Operations
12 Months Ended
Mar. 31, 2020
Notes  
Discontinued Operations

 

Discontinued Operations

 

In February 2018, due to the untimely death of Bill Lachmar, Geo Point Resources, Inc.'s president, the Company ceased the operations of the Environmental and Engineering Divisions. The Company has reflected these operations as discontinued operations in the accompanying consolidated financial statements. The following is a summary of discontinued operations included within the consolidated financial statements as of March 31, 2020 and 2019.

 

 

 

 

March 31, 2020

 

March 31, 2019

 

 

 

 

 

LIABILITIES

 

 

 

 

Current Liabilities

 

 

 

 

Accounts payable and accrued liabilities

 

 $            2,387

 

 $          9,064

Total Current Liabilities - Discontinued Operations

 

 $            2,387

 

 $          9,064

 

The gain on discontinued operations of $6,858 during the year ended March 31, 2020 related to accounts payable to which the statute of limitations had expired. Discontinued operations did not impact the consolidated statements of cash flows during the year ended March 31, 2020 and 2019.