CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

3 Months Ended

Jun. 30, 2016

CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

NOTE 13 — 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 June 30, 2016, there were accounts receivable balances outstanding from five customers comprising 99% 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:

	June 30, 2016				March 31, 2016
Customer	Dollars		Percent		Dollars		Percent
A	$	381,677	27	%	$	*	*	%
B	$	364,997	26	%	$	315,699	16	%
C	$	258,093	18	%	$	*	*	%
D	$	217,891	16	%	$	*	*	%
E	$	170,137	12	%	$	*	*	%
F	$	*	*	%	$	834,501	41	%
G	$	*	*	%	$	225,415	11	%

*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 months ended:

	June 30, 2016				June 30, 2015
Customer	Dollars		Percent		Dollars		Percent
A	$	1,487,521	32	%	$	*	*	%
B	$	1,286,271	28	%	$	535,092	12	%
C	$	1,259,255	27	%	$	1,177,537	27	%
D	$	*	*	%	$	666,989	15	%
E	$	*	*	%	$	469,718	11	%

*less than 10% of total