CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

3 Months Ended

Jun. 30, 2014

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 June 30, 2014, there were accounts receivable balances outstanding from three customers comprising 56% 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:

	June 30, 2014				March 31, 2014
Customer	Dollars		Percent		Dollars		Percent
A	$	1,149,948	36	%	$	255,360	11	%
B	$	655,825	20	%	$	750,146	33	%
C	$	*	*		$	312,576	14	%

*customer total is less than 10%

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 three months ended:

	June 30, 2014				March 31, 2014
Customer	Dollars		Percent		Dollars		Percent
A	$	1,862,707	30	%	$	3,983,838	19	%
B	$	1,762,985	28	%	$	*	*
C	$	*	*	%	$	2,069,468	10	%
D	$	*	*	%	$	2,955,296	14	%

*customer total is less than 10%