CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

9 Months Ended

Dec. 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 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 December 31, 2015, there were accounts receivable balances outstanding from four customers comprising 83% 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:

Accounts Receivable	December 31, 2015				March 31, 2015
Customer	Dollars		Percent		Dollars		Percent
A	$	261,172	34	%	$	*	*	%
B	$	149,688	20	%	$	296,815	36	%
C	$	123,920	16	%	$	*	*	%
D	$	99,110	13	%	$	*	*	%
E	$	*	*	%	$	128,738	16	%
F	$	*	*	%	$	123,604	15	%

*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 nine months ended:

Net Sales	Three months ended December 31,								Nine months ended December 31,
Customer	2015				2014				2015				2014
A	$	1,568,714	45	%	$	475,317	14	%	$	3,057,140	26	%	$	*	*	%
B	$	*	*	%	$	*	*	%	$	1,971,139	16	%	$ 3,107,520		22	%
C	$	*	*	%	$	*	*	%	$	1,459,013	12	%	$*		*	%
D	$	*	*	%	$	406,089	12	%	$	1,192,848	10	%	$	*	*	%
E	$	*	*	%	$	1,394,999	40	%	$	*	*	%	$ 2,399,074		16	%
F	$	*	*	%	$	*	*	%	$	*	*	%	$	1,762,985	12	%
G	$	594,534	17	%	$	*	*	%	$	*	*	%	$*		*	%
H	$	354,469	10	%	$	*	*	%	$	*	*	%	$*		*	%
I	$	*	*	%	$	676,729	19	%	$	*	*	%	$	*	*	%

*less than 10% of total