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CONCENTRATION OF CREDIT RISK
9 Months Ended
Dec. 31, 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 December 31, 2023, there were trade accounts receivable balances outstanding from four customers comprising 67% of the total trade receivables balance. The following table sets forth information as to trade accounts receivable from customers which accounted for more than 10% of our accounts receivable balance as of:

December 31, 2023

March 31, 2023

 

Customer

    

Dollars

    

Percent

    

Dollars

    

Percent

 

A

$

*

 

*

%  

$

730,514

 

31

%

B

$

*

 

*

%  

$

260,177

 

11

%

C

$

522,661

 

24

%  

$

*

 

*

%

D

$

*

 

*

%  

$

265,755

 

11

%

E

$

442,837

 

20

%  

$

*

 

*

%

F

$

253,437

12

%  

$

*

*

%

G

$

233,685

11

%  

$

*

*

%

*less than 10% of total