Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Significant Accounting Policies: Inventories (Policies)

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Note 2 - Significant Accounting Policies: Inventories (Policies)
6 Months Ended
Sep. 30, 2015
Policies  
Inventories

Inventories

 

In accordance with Accounting Research Bulletin No. 43 “Inventory Pricing,” the Company’s inventory is valued at the lower of cost (the purchase price, including additional fees) or market based on using the entire value of inventory.  Inventories are determined based on the average cost method. As of September 30, 2015 and March 31, 2015, inventory consisted of the following:

September 30, 2015

 

 March 31, 2015

 

Raw materials

$

                      -

$

                          -

Finished goods

10,205,991

 

11,951,108

Work in process

-

 

-

Subtotal

10,205,991

 

11,951,108

Reserve for Obsolence

(251,633)

 

(184,573)

Total

$

          9,954,358

$

         11,766,535