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CONCENTRATION OF CREDIT RISK
3 Months Ended
Jun. 30, 2020
CONCENTRATION OF CREDIT RISK  
CONCENTRATION OF CREDIT RISK

NOTE 8 - CONCENTRATION OF CREDIT RISK

We maintain bank account balances, which, at times, may exceed 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, 2020, there were trade accounts receivable balances outstanding from four customers comprising 91% of the total trade receivables balance. The following table sets forth information as to trade accounts receivable from customers who accounted for more than 10% of our accounts receivable balance as of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2020

 

March 31, 2020

 

Customer

    

Dollars

    

Percent

    

Dollars

    

Percent

 

A

 

$

349,460

 

38

%  

$

*

 

*

 

B

 

$

258,872

 

28

%  

$

*

 

*

 

C

 

$

140,599

 

15

%  

$

*

 

*

 

D

 

$

93,600

 

10

%

$

254,637

 

26

%

E

 

$

*

 

*

 

$

365,636

 

37

%

F

 

$

*

 

*

 

$

123,000

 

12

%


*less than 10% of total