CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

6 Months Ended

Sep. 30, 2013

CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

NOTE 14 – CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

We maintain bank account balances, which, at times, may exceed insured limits. We have not experienced any losses with these accounts and believe that we are not exposed to any significant credit risk on cash. At September 30, 2013, there were accounts receivable balances outstanding from three customers comprising 68% of the total receivables balance.

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, 2013				March 31, 2013
Customer	Dollars		Percent		Dollars		Percent
A	$	1,094,006	41	%	$	915,632	21	%
B	$	392,321	15	%	$	235,714	5	%
C	$	333,674	12	%	$	198,251	4	%
D	$	200,875	8	%	$	2,379,078	55	%
E	$	—	—	%	$	516,174	12	%

We have 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, 2013				September 30, 2012
Customer	Dollars		Percent		Dollars		Percent
A	$	2,991,169	24	%	$	1,631,652	11	%
B	$	2,948,045	24	%	$	2,335,696	15	%
C	$	1,300,063	10	%	$	478,360	3	%
D	$	608,328	5	%	$	2,898,858	19	%
E	$	774,184	6	%	$	3,361,526	22	%