CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS

6 Months Ended

Sep. 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 September 30, 2017, there were accounts receivable balances outstanding from two customers comprising 82% 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: 

 

	September 30, 2017					March 31, 2017
Customer	Dollars		Percent			Dollars		Percent
A	$	1,478,882		68	%	$	*		*	%
B	$	308,638		14	%	$	961,463		51	%
C	$	*		*	%	$	406,428		22	%
D	$	*		*	%	$	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 in the periods presented:

	Three months ended September 30, 2017					Three months ended September 30, 2016					Six months ended September 30, 2017					Six months ended September 30, 2016
Customer	Dollars		Percent			Dollars		Percent			Dollars		Percent			Dollars		Percent
A	$	2,061,276		45	%	$	383,253		10	%	$	4,950,432		48	%	$	*		*	%
B	$	746,877		16	%	$	*		*	%	$	2,330,088		22	%	$	1,457,222		18	%
C	$	*		*	%	$	*		*	%	$	1,079,832		10	%	$	*		*	%
D	$	*		*	%	$	1,998,724		55	%		*		*	%	$	3,285,065		40	%
E	$	*		*	%	$	*		*	%		*		*	%	$	1,741,084		21	%

*less than 10% of total