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CONCENTRATION OF CREDIT RISK
12 Months Ended
Mar. 31, 2021
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 March 31, 2021, there were trade accounts receivable balances outstanding from two customers comprising 98% 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2021

 

March 31, 2020

 

Customer

    

Dollars

    

Percent

    

Dollars

    

Percent

 

A

 

$

399,692

 

66

%  

$

*

 

*

%

B

 

$

*

 

*

%  

$

365,636

 

37

%

C

 

$

193,368

 

32

%  

$

254,637

 

26

%

D

 

$

*

 

*

%  

$

123,000

 

12

%

 

 

*less than 10% of total