CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

9 Months Ended

Dec. 31, 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 December 31, 2013, there were accounts receivable balances outstanding from three customers comprising 69% 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:

	December 31, 2013				March 31, 2013
Customer	Dollars		Percent		Dollars		Percent
A	$	1,081,061	45	%	$	915,632	21	%
B	$	520,366	22	%	$	10,465	—	%
C	$	55,900	2	%	$	2,379,078	55	%
D	$	—	—	%	$	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 nine months ended:

	December 31, 2013				December 31, 2012
Customer	Dollars		Percent		Dollars		Percent
A	$	3,620,323	21	%	$	2,022,324	9	%
B	$	2,948,045	17	%	$	3,268,739	15	%
C	$	1,771,559	10	%	$	4,932,574	22	%
D	$	1,152,653	7	%	$	4,203,458	19	%
E	$	143,036	1	%	$	2,736,642	12	%