CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

9 Months Ended

Dec. 31, 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 December 31, 2014, there were accounts receivable balances outstanding from three customers comprising 82% 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, 2014					March 31, 2014
Customer		Dollars		Percent			Dollars		Percent
	A	$	1,149,948		56	%	$	255,360		11	%
	B	$	267,668		13	%	$	*		*
	C	$	263,205		13	%	$	*		*
	D	$	*		*		$	312,576		14	%
	E	$	*		*		$	750,146		33	%

*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 nine months ended:

		December 31, 2014					December 31, 2013
Customer		Dollars		Percent			Dollars		Percent
	A	$	3,107,520		22	%	$	3,620,323		21	%
	B	$	2,399,074		16	%	$	1,771,559		10	%
	C	$	1,762,985		12	%	$	*		*	%
	D	$	*		*		$	2,948,045		17	%

*customer total is less than 10%