Note 9 - Commitments, Contingencies, and Concentrations	3 Months Ended
Jun. 30, 2018
Notes
Note 9 - Commitments, Contingencies, and Concentrations	Note 9 – Commitments, Contingencies, and Concentrations: Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s consolidated financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed. Concentrations Galaxy contracts the manufacturer of its products with two overseas suppliers. The Company’s sales could be adversely impacted by the supplier’s inability to provide Galaxy with an adequate supply of inventory. Galaxy has three customers that accounted for approximately 87% of accounts receivable at June 30, 2018 and 69% of accounts receivable at March 31, 2018. Galaxy has three customers that accounted for approximately 61% of revenues for the period ended June 30, 2018 and three customers with 43% of revenues for the year ended March 31, 2018. The Company routinely assesses the financial strength of its customers and, as a consequence, believes that its accounts receivable credit risk exposure is limited.

Note 9 - Commitments, Contingencies, and Concentrations

3 Months Ended

Jun. 30, 2018

Note 9 - Commitments, Contingencies, and Concentrations

Note 9 – Commitments, Contingencies, and Concentrations:

Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s consolidated financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed.

Concentrations

Galaxy contracts the manufacturer of its products with two overseas suppliers. The Company’s sales could be adversely impacted by the supplier’s inability to provide Galaxy with an adequate supply of inventory.

Galaxy has three customers that accounted for approximately 87% of accounts receivable at June 30, 2018 and 69% of accounts receivable at March 31, 2018. Galaxy has three customers that accounted for approximately 61% of revenues for the period ended June 30, 2018 and three customers with 43% of revenues for the year ended March 31, 2018. The Company routinely assesses the financial strength of its customers and, as a consequence, believes that its accounts receivable credit risk exposure is limited.