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CONCENTRATION OF CREDIT RISK

3 Months Ended

Jun. 30, 2022

CONCENTRATION OF CREDIT RISK

CONCENTRATION OF CREDIT RISK

NOTE 8 - 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, 2022, there were trade accounts receivable balances outstanding from three customers comprising 67% 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:

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​	​	​	​	​	​	​	​	​	​	​	​
​	​	June 30, 2022				​	March 31, 2022
Customer		Dollars			Percent		Dollars			Percent
A	​	$	875,027	​	35	%	$	1,079,264	​	36	%
B	​	$	*		*	%	$	436,051		14	%
C	​	$	521,107		21	%	$	*		*	%
D	​	$	265,937	​	11	%	$	382,789	​	13	%
E	​	$	*	​	*	%	$	309,500	​	10	%

  *less than 10% of total

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

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X

- References

No definition available.

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