CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

9 Months Ended

Dec. 31, 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 December 31, 2016, there were accounts receivable balances outstanding from four customers comprising approximately 84% 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:

	December 31, 2016				March 31, 2016
Customer	Dollars		Percent		Dollars		Percent
A	$	288,182	37	%	$	*	*	%
B	$	128,053	17	%	$	*	*	%
C	$	124,102	16	%	$	*	*	%
D	$	109,662	14	%	$	225,415	11	%
E	$	*	*	%	$	834,501	41	%
F	$	*	*	%	$	315,699	16	%

*less than 10% of total

All of our sales recorded for the nine months ended December 31, 2016 are from our U.S. segment. There were no sales generated from WCMC, our subsidiary in China, during the nine months ended December 31, 2016. 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 December 31, 2016				Three months ended December 31, 2015				Nine months ended December 31, 2016				Nine months ended December 31, 2015
Customer	Dollars		Percent		Dollars		Percent		Dollars		Percent		Dollars		Percent
A	$	3,113,121	59	%	$	1,568,714	45	%	$	6,398,186	47	%	$	3,057,140	26	%
B	$	*	*	%	$	*	*	%	$	2,166,171	16	%	$	*	*	%
C	$	*	*	%	$	*	*	%	$	1,537,488	11	%	$	1,971,139	17	%
D	$	1,000,198	19	%	$	594,534	17	%	$	1,383,451	10	%	$	*	*	%
E	$	*	*	%	$	*	*	%	$	*	*	%	$	1,459,013	12	%
F	$	*	*	%	$	*	*	%	$	*	*	%	$	1,192,848	10	%
G	$	*	*	%	$	354,469	10	%	$	*	*	%	$	*	*	%

*less than 10% of total