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CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS
 6 Months Ended
Sep. 30, 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 Federal Deposit Insurance Corporation 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, 2015, there were accounts receivable balances outstanding from six customers comprising 100% 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, 2015

 

March 31, 2015

 

Customer

 

Dollars

 

Percent

 

Dollars

 

Percent

 

A

 

$
276,535 

 
34 

%

$

*

 

*

%

B

 

$
250,194 

 
31 

%

$
296,815 

 
36 

%

C

 

$
153,690 

 
19 

%

$

*

 

*

%

D

 

$
84,759 

 
10 

%

$

*

 

*

%

E

 

$

*

 

*

%

$
123,604 

 
15 

%

F

 

$

*

 

*

%

$
128,738 

 
16 

%

 

 

*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 three and six months ended:

 

 

Three months ended September 30, 2015

 

Three months ended September 30, 2014

 

Customer

 

Dollars

 

Percent

 

Dollars

 

Percent

 

A

 

$
604,536 

 
15 

%

$
1,137,787 

 
25 

%

B

 

$
953,334 

 
23 

%

$

*

 

*

%

C

 

$
1,065,009 

 
26 

%

$

*

 

*

%

D

 

$

*

 

*

%

$

*

 

*

%

E

 

$
501,940 

 
12 

%

$
875,208 

 
19 

%

F

 

$

*

 

*

%

$

*

 

*

%

G

 

$

*

 

*

%

$
495,500 

 
11 

%

H

 

$

*

 

*

%

$
488,360 

 
11 

%

 

 

Six months ended September 30, 2015

 

Six months ended September 30, 2014

 

Customer

 

Dollars

 

Percent

 

Dollars

 

Percent

 

A

 

$
1,782,073 

 
21 

%

$
3,000,494 

 
28 

%

B

 

$
1,488,426 

 
17 

%

$

*

 

*

%

C

 

$
1,459,013 

 
17 

%

$

*

 

*

%

D

 

$

*

 

*

%

$
1,762,985 

 
16 

%

E

 

$
971,658 

 
12 

%

$
1,176,129 

 
11 

%

F

 

$
969,599 

 
11 

%

$

*

 

*

%

G

 

$

*

 

*

%

$

*

 

*

%

H

 

$

*

 

*

%

$

*

 

*

%

 

 

*less than 10% of total