5. INVENTORIES

9 Months Ended

Dec. 31, 2015

Inventory Disclosure [Abstract]

INVENTORIES

5. INVENTORIES

Inventory is recorded at the lower of cost or net realizable value. The cost of substantially all the Company’s inventory is determined by the weighted average cost method. The Company reserves for inventory that is obsolete or determined to be slow-moving and classifies the slow moving portion of inventory as a long-term asset. The Company has ceased offering new eVU systems and accordingly has fully reserved inventory at December 31, 2015.

Inventories consisted of the following:

	December 31,			March 31,
	2015			2015
	$			$
Raw materials		18,794			37,559
Work in process		–			12,842
Finished goods		26,401			29,512
		45,195			79,913
Reserve for obsolescence		(45,195	)		(79,913	)
		–			–

The foregoing is net of an aggregate lower-of-cost-or-market inventory adjustment of $64,409 at December 31, 2015 and $81,609 at March 31, 2015. The Company has ceased offering new eVU systems and accordingly has fully reserved inventory at December 31, 2015.