CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

6 Months Ended

Sep. 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 September 30, 2014, there were accounts receivable balances outstanding from four customers comprising 72% 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, 2014				March 31, 2014
Customer	Dollars		Percent		Dollars		Percent
A	$	1,149,948	56	%	$	255,360	11	%
B	$	318,167	16	%	$	*	*
C	$	*	*		$	750,146	33	%
D	$	*	*		$	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 six months ended:

	September 30, 2014				September 30, 2013
Customer	Dollars		Percent		Dollars		Percent
A	$	3,000,494	28	%	$	2,991,169	24	%
B	$	1,762,985	16	%	$	*	*	%
C	$	1,176,129	11	%	$	*	*	%

*customer total is less than 10%