Sales, Contract Assets and Contract Liabilities
|9 Months Ended|
Dec. 31, 2019
|Sales, Contract Assets and Contract Liabilities [Abstract]|
|Sales, Contract Assets and Contract Liabilities||
The Company has analyzed its sales contracts under ASC 606 and has identified performance conditions that are not directly correlated with contractual payment terms with customer. As a result of the timing differences between customer payments and satisfaction of performance conditions, contractual assets and contractual liabilities have been recognized.
Contracts are tailored to meet each customer's unique requirements. However, the Company's performance obligations can generally be identified as:
For the three and nine months ended December 31, 2019, the Company recognized sales revenues in proportion to performance obligations as noted below:
There were no revenues for the comparative periods ended December 31, 2018.
Changes in the Company's contract assets and liabilities for the periods are noted as below:
The entire disclosure for sales, contract assets and contract liabilities.
No definition available.