Note 6 -Inventory

9 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE

6

- INVENTORY

The Company carries inventory at cost and recognizes the cost of each through cost of goods sold as product is shipped to customers. The value of inventory is carried at the cost of raw materials purchased to manufacture the finished goods, direct labor associated with manufacturing and certain overhead related to the manufacturing facility. The Company had inventory balances of

$78,282

and

$0,

all of which was finished goods, as of

December 31, 2019

and

March 31, 2019,

respectively.

During the

three

and

nine

months ended

December 31, 2019,

the Company wrote off

$48,203

of inventory as scrap costs. The scrap was incurred as early production yielded undesirable results. Due to the cost of scrap materials incurred during the

three

and

nine

months ended

December 31, 2019,

gross margin was negative for each period.