CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

6 Months Ended

Sep. 30, 2011

CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

NOTE 13 - CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

The Company maintains bank account balances, which, at times, may exceed insured limits.  The Company has not experienced any losses with these accounts and believes that it is not exposed to any significant credit risk on cash.

At September 30, 2011, there were receivable balances outstanding from six customers comprising 87% of the total receivables balance; the largest balance from a single customer represented 20% of our receivables balance, while the smallest balance from a single customer making up this group was 10%.

The Company has been dependent in each year on a small number of customers who generate a significant portion of our business, and these customers change from year to year.  The following table sets forth information as to net sales from customers who accounted for more than 10% of our revenue in the six months ended:

	September 30, 2011				September 30, 2010
Customer	Dollars		Percent		Dollars		Percent
A	$	4,649,032	29	%	$	7,786,671	54	%
B	$	2,297,613	14	%	$	3,379,274	23	%
C	$	2,222,595	14	%	$	—	—
D	$	1,693,128	10	%	$	—	—