Quarterly report pursuant to Section 13 or 15(d)

Warranty Provision

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Warranty Provision
9 Months Ended
Dec. 31, 2019
Product Warranty Accrual, Balance Sheet Classification [Abstract]  
Warranty provision
10. Warranty provision

 

During the three and nine months ended December 31, 2019, the Company recorded a non-cash warranty expense of $1,356,422 and $2,711,213, respectively. There was no warranty expense in the comparative periods. The provision is established to pro-actively monitor, perform maintenance and improvements, and to assess the product performance and reliability under various conditions. Product warranty will be recorded at the time of sale and revised based on new information as a history of system performance data becomes available.

 

A summary of the changes in the warranty provision for the nine-month periods is shown below:

 

    $  
       
Balance, March 31, 2018      
         
Provision for warranty     121,345  
         
Balance, March 31, 2019     121,345  
         
Provision for warranty     2,711,213  
Warranty related costs     (458,390 )
         
Balance,  December 31, 2019     2,374,168