XML 70 R21.htm IDEA: XBRL DOCUMENT
v2.4.0.8

CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS | 12 Months Ended
--- | ---
Mar. 31, 2014
CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS |
CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS | NOTE 14 - 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, 2014, there were accounts receivable balances outstanding from three customers comprising 58% 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, 2014 |  | March 31, 2013 |
Customer |  | Dollars |  | Percent |  | Dollars |  | Percent |
A |  | $ | 750,146 |  | 33 | % | $ | 915,632 |  | 21 | %
B |  | $ | 312,576 |  | 14 | % | $ | — |  | — | %
C |  | $ | 255,360 |  | 11 | % | $ | — |  | — | %
D |  | $ | — |  | — | % | $ | 2,379,078 |  | 55 | %
E |  | $ | — |  | — | % | $ | 516,174 |  | 12 | %
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 revenue for the fiscal year ended:
|  | March 31, 2014 |  | March 31, 2013 |
Customer |  | Dollars |  | Percent |  | Dollars |  | Percent |
A |  | $ | 3,983,838 |  | 19 | % | $ | — |  | — | %
B |  | $ | 2,955,296 |  | 14 | % | $ | 6,086,928 |  | 19 | %
C |  | $ | 2,069,468 |  | 10 | % | $ | 7,665,775 |  | 24 | %
D |  | $ | — |  | — | % | $ | 4,800,047 |  | 15 | %

X
- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6327-108592 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6404-108592 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13531-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6351-108592 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13537-108611 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6442-108592 + Details
Name: | us-gaap_ConcentrationRiskDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RisksAndUncertaintiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration