CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

9 Months Ended

Dec. 31, 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 December 31, 2012, there were accounts receivable balances outstanding from six customers comprising 83% of the total receivables balance; the largest balance from a single customer represented 27% of our receivables balance, while the smallest balance from a single customer making up this group was 8%.  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:

	December 31, 2012				March 31, 2012
Customer	Dollars		Percent		Dollars		Percent
A	$	946,738	27	%	$	426,083	9	%
B	$	445,934	13	%	$	726,908	15	%
C	$	441,087	13	%	$	219,305	4	%
D	$	427,851	12	%	$	561,927	11	%
E	$	380,899	11	%	$	691,677	14	%
F	$	271,367	8	%	$	1,160,957	24	%

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 nine months ended:

	December 31, 2012				December 31, 2011
Customer	Dollars		Percent		Dollars		Percent
A	$	4,932,574	22	%	$	—	—	%
B	$	3,361,526	15	%	$	2,777,631	10	%
C	$	3,268,739	15	%	$	—	—	%
D	$	2,736,642	12	%	$	10,446,139	38	%