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CONCENTRATION OF CREDIT RISK
3 Months Ended
Jun. 30, 2023
CONCENTRATION OF CREDIT RISK  
CONCENTRATION OF CREDIT RISK

NOTE 7 - 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.

On June 30, 2023, there were trade accounts receivable balances outstanding from two customers comprising 58% 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:

June 30, 2023

March 31, 2023

 

Customer

    

Dollars

    

Percent

    

Dollars

    

Percent

 

A

$

991,695

 

33

%  

$

730,514

 

31

%

B

$

*

 

*

%  

$

260,177

 

11

%

C

$

728,548

 

25

%  

$

*

 

*

%

D

$

*

 

*

%  

$

265,755

 

11

%

*less than 10% of total