Quarterly report pursuant to Section 13 or 15(d)

Lease Receivable

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Lease Receivable
6 Months Ended
Sep. 30, 2018
Lease Receivable [Abstract]  
Lease Receivable
3. Lease Receivable

 

In December 2017, the Company completed the installation and the accounting sale of a constructed scrubber system. The Company’s investment in sales-type lease as at March 31, 2018, consists of an amount due from the customer under a long-term lease arrangement. No amount has been allocated to residual value or other deliverables; accordingly, the amount presented in the balance sheet represents the present value of amounts due under the energy management contract. The entire amount is presented as a long-term receivable.