Annual report pursuant to Section 13 and 15(d)

4. Sale of Assets (Tables)

v3.20.2
4. Sale of Assets (Tables)
 12 Months Ended
Mar. 31, 2020
Petagon Limited  
Components of sale
Total proceeds   $ 2,700,000  
Less - Production equipment     (228,000 )
Residual attributable to the intellectual property and territory rights   $ 2,472,000  
Microsafe Group  
Components of sale

The proceeds from the sale were allocated to the components of the sale utilizing the residual approach as follows:

 

Total proceeds   $ 1,100,000  
Less - Production equipment     (150,000 )
Residual attributable to the intellectual property and territory rights   $ 950,000