CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

6 Months Ended

Sep. 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 September 30, 2016, there were accounts receivable balances outstanding from six customers comprising approximately 97% 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, 2016				March 31, 2016
Customer	Dollars		Percent		Dollars		Percent
A	$	318,086	35	%	$	*	*	%
B	$	173,915	19	%	$	225,415	11	%
C	$	131,697	15	%	$	*	*	%
D	$	128,052	14	%	$	*	*	%
E	$	*	*	%	$	834,501	41	%
F	$	*	*	%	$	315,699	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 following periods:

	Three months ended September 30, 2016				Three months ended September 30, 2015
Customer	Dollars		Percent		Dollars		Percent
A	$	1,998,794	55	%	$	953,334	23	%
B	$	*	*	%	$	*	*	%
C	$	*	*	%	$	604,536	15	%
D	$	*	*	%	$	1,065,009	26	%
E	$	461,571	13	%	$	501,940	12	%
F	$	*	*	%	$	*	*	%
G	$	383,253	11	%	$	*	*	%

	Six months ended September 30, 2016				Six months ended September 30, 2015
Customer	Dollars		Percent		Dollars		Percent
A	$	3,285,065	40	%	$	1,488,426	17	%
B	$	1,741,084	21	%	$	*	*	%
C	$	1,457,222	18	%	$	1,782,073	21	%
D	$	*	*	%	$	1,459,013	17	%
E	$	*	*	%	$	971,658	12	%
F	$	*	*	%	$	969,599	11	%
G	$	*	*	%	$	*	*	%

*less than 10% of total