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Significant Customer and Other Information

6 Months Ended

Sep. 30, 2021

Significant Customer and Other Information [Abstract]

Significant Customer and Other Information

6. Significant Customer and Other Information

Significant Customer Concentrations

The largest customers accounted for the following percentage of net sales:

		Three Months Ended September 30,								Six Months Ended September 30,
		2021				2020				2021				2020
Net sales
Customer A			40	%			45	%			37	%			45	%
Customer B			17	%			21	%			18	%			23	%
Customer C			30	%			23	%			30	%			20	%

The largest customers accounted for the following percentage of accounts receivable – trade:

	September 30, 2021				March 31, 2021
Accounts receivable - trade
Customer A			37	%			50	%
Customer B			19	%			23	%
Customer C			10	%			-	%

Geographic and Product Information

The Company’s products are sold predominantly in the U.S. and accounted for the following percentages of net sales:

		Three Months Ended September 30,								Six Months Ended September 30,
		2021				2020				2021				2020
Product line
Rotating electrical products			73	%			80	%			71	%			77	%
Wheel hub products			11	%			12	%			12	%			14	%
Brake related products			14	%			7	%			15	%			8	%
Other products			2	%			1	%			2	%			1	%
			100	%			100	%			100	%			100	%

Significant Supplier Concentrations

The Company had no suppliers that accounted for more than 10% of inventory purchases for the three and six months ended September 30, 2021 and 2020.

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- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-URI http://asc.fasb.org/topic&trid=2134479

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- References

No definition available.

+ Details

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