CONCENTRATION OF RISK

12 Months Ended

Mar. 31, 2015

Concentration Risk Disclosure [Text Block]

5. CONCENTRATION OF RISK

Financial Instruments — Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of trade accounts receivable.

Concentrations of credit risk with respect to trade receivables are normally limited due to the number of customers comprising the Company’s customer base and their dispersion across different geographic areas. At March 31, 2015 five customers accounted for a total of 66.18% of the Company’s trade accounts receivable and one of those customers accounted for 35.34% of total accounts receivable. At March 31, 2014 five customers accounted for a total of 82.08% of the Company’s trade accounts receivable and one of those customers accounted for 42.08% of total accounts receivable. The Company performs ongoing credit evaluations of its customers and normally does not require collateral to support accounts receivable.

Purchases — The Company has diversified its sources for product components and finished goods and, as a result, the loss of a supplier would not have a material impact on the Company’s operations. As at March 31, 2015, the Company had five suppliers who accounted for 47.93% of unpaid accounts payable. As at March 31, 2014, the Company had five suppliers who accounted for 39.78% of unpaid accounts payable.

Revenues — For the year ended March 31, 2015 the Company had five customers that accounted for 54.47 % of total revenues .For the year ended March 31, 2014 the Company had five customers that accounted for 81.07% of total revenues.