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CONCENTRATION OF CREDIT RISK
6 Months Ended
Sep. 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 September 30, 2020, there were trade accounts receivable balances outstanding from five customers comprising 96% 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 the total balance at:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2020

 

March 31, 2020

 

Customer

    

Dollars

    

Percent

    

Dollars

    

Percent

 

A

 

$

367,121

 

27

%  

$

365,636

 

37

%

B

 

$

284,406

 

21

%  

$

*

 

*

 

C

 

$

275,025

 

20

%  

$

*

 

*

 

D

 

$

199,960

 

15

%

$

*

 

*

 

E

 

$

180,800

 

13

%

$

254,637

 

26

%

F

 

$

*

 

*

%

$

123,000

 

12

%


*less than 10% of total