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CONCENTRATION OF CREDIT RISK
 12 Months Ended
Mar. 31, 2023
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.

In the fiscal year ended March 31, 2023, one supplier accounted for 10% or more of our purchased material. In the fiscal year ended March 31, 2022, two suppliers accounted for 10% or more of our purchased material.

On March 31, 2023, there were trade accounts receivable balances outstanding from three customers comprising 53% 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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​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2023

​

March 31, 2022

 

Customer

    

Dollars

    

Percent

    

Dollars

    

Percent

 

A

​

$

*

 

*

%  

$

1,079,264

 

36

%

B

​

$

*

 

*

%  

$

436,051

 

14

%

C

​

$

730,514

 

31

%  

$

*

 

*

%

D

​

$

260,177

 

11

%  

$

382,789

 

13

%

E

​

$

*

 

*

%  

$

309,500

 

10

%

F

​

$

265,755

​

11

%  

$

*

​

*

%

*less than 10% of total