CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

3 Months Ended

Jun. 30, 2011

CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

NOTE 12 - CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

The Company maintains bank account balances, which, at times, may exceed insured limits.  The Company has not experienced any losses with these accounts and believes that it is not exposed to any significant credit risk on cash.

At June 30, 2011, there were receivable balances outstanding from three customers comprising 83% of the total receivables balance; the largest balance from a single customer represented 60% of our receivables balance, while the smallest balance from a single customer making up this group was 9%.  

The Company has 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.  To the extent that the Company is unable to generate orders from new customers, it may have difficulty operating profitably.  The following table sets forth information as to net sales from customers who accounted for more than 10% of our revenue in the three months ended: 

		June 30, 2011					June 30, 2010
Customer		Dollars		Percent			Dollars		Percent
	A	$	4,442,295		48	%	$	3,722,027		60	%
	B	$	1,133,675		12	%	$	784,263		13	%