CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

12 Months Ended

Mar. 31, 2015

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 March 31, 2015, there were accounts receivable balances outstanding from three customers comprising 67% 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: 

		March 31, 2015					March 31, 2014
Customer		Dollars		Percent			Dollars		Percent
	A	$	296,815		36	%	$	*		*	%
	B	$	128,738		16	%	$	*		*	%
	C	$	123,604		15	%	$	*		*	%
	D	$	*		*	%	$	255,360		11	%
	E	$	*		*	%	$	750,146		33	%
	F	$	*		*	%	$	312,576		14	%

*less than 10% of total

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 fiscal year ended:

		March 31, 2015				March 31, 2014
Customer		Dollars		Percent		Dollars		Percent
	A	$	3,526,255		19%	$	3,983,838		19%
	B	$	2,958,166		16%	$	2,069,468		10%
	C	$	*		*%	$	2,955,296		14%

*less than 10% of total