CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

3 Months Ended

Jun. 30, 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 June 30, 2017, there were accounts receivable balances outstanding from four customers comprising 95% 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:

	June 30, 2017				March 31, 2017
Customer	Dollars		Percent		Dollars		Percent
A	$	519,236		42%	$	406,428		22%
B	$	335,294		27%	$	*		*%
C	$	161,029		13%	$	*		*%
D	$	157,128		13%	$	*		*%
E	$	*		*%	$	961,463		51%
F	$	*		*%	$	187,410		10%

*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:

	June 30, 2017				June 30, 2016
Customer	Dollars		Percent		Dollars		Percent
A	$	2,889,156		50%	$	*		*%
B	$	1,583,211		27%	$	1,259,255		27%
C	$	890,016		15%	$	*		*%
D	$	*		*%	$	1,487,521		32%
E	$	*		*%	$	1,286,271		28%

*less than 10% of total