Quarterly report pursuant to Section 13 or 15(d)

Sales, Contract Assets and Contract Liabilities (Tables)

v3.19.2
Sales, Contract Assets and Contract Liabilities (Tables)
3 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Schedule of sales revenue in proportion
    2019
$
 
       
Specified service works     -  
Certified design and engineering works     1,672,927  
Delivered equipment to customers, net of obligations     2,788,212  
Commissioned equipment     303,096  
         
Total     4,764,235  
Schedule of contract assets and liabilities
    Contract Assets
$
    Sales
(Cost of sales)
$
    Contract Liabilities
$
 
                   
Balance, March 31, 2018                  
                         
Customer receipts and receivables                 (20,925,437 )
Sales recognized in earnings           2,074,950       2,074,950  
Payments under contracts     14,172,975              
Costs recognized in earnings     (1,935,150 )     (1,935,150 )      
                         
Balance, March 31, 2019     12,237,825               (18,850,487 )
                         
Customer receipts and receivables                 (20,651,188 )
Sales recognized in earnings           4,764,235       4,764,235  
Payments and accruals under contracts     12,474,173              
Costs recognized in earnings     (2,817,913 )     (2,817,913 )      
                         
Balance, June 30, 2019     21,894,085               (34,737,440 )