CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

6 Months Ended

Sep. 30, 2012

CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

NOTE 14 - 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, 2012, there were accounts receivable balances outstanding from four customers comprising 87% of the total receivables balance; the largest balance from a single customer represented 30% of our receivables balance, while the smallest balance from a single customer making up this group was 10%.  The following table sets forth information as to accounts receivable from customers who accounted for more than 10% of our accounts receivable balance as of:

	September 30, 2012				March 31, 2012
Customer	Dollars		Percent		Dollars		Percent
A	$	1,404,269	30	%	$	1,160,957	24	%
B	$	1,232,582	26	%	$	426,083	9	%
C	$	995,193	21	%	$	561,927	11	%
D	$	445,934	10	%	$	726,908	15	%

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 for the six months ended:

	September 30, 2012				September 30, 2011
Customer	Dollars		Percent		Dollars		Percent
A	$	3,361,526	22	%	$	1,013,759	6	%
B	$	2,898,858	19	%	$	762,591	5	%
C	$	2,335,696	15	%	$	—	—	%
D	$	1,631,652	11	%	$	2,297,613	14	%
E	$	1,439,797	10	%	$	4,649,032	29	%
F	$	61,164	—	%	$	2,222,595	14	%
G	$	120,962	1	%	$	1,693,128	10	%