CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

12 Months Ended

Mar. 31, 2017

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 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, 2017, there were accounts receivable balances outstanding from three customers comprising 83% 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: 

	March 31, 2017					March 31, 2016
Customer	Dollars		Percent			Dollars		Percent
A	$	961,463		51	%	$	834,501		41	%
B	$	406,428		22	%	$	315,699		16	%
C	$	187,410		10	%	$	*		*	%
D	$	*		*	%	$	225,415		11	%

*less than 10% of total

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 net sales for the fiscal year ended:

	March 31, 2017					March 31, 2016
Customer	Dollars		Percent			Dollars		Percent
A	$	7,515,795		41	%	$	3,519,258		21	%
B	$	2,324,504		13	%	$	2,958,232		18	%
C	$	2,166,171		12	%	$	*		*	%
D	$	*		*	%	$	1,802,148		11	%

*less than 10% of total