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Concentration of Sales Risk
9 Months Ended
Dec. 31, 2017
Risks and Uncertainties [Abstract]  
Concentration of Sales Risk

NOTE 15 – CONCENTRATION OF SALES RISK

 

The Company generates most of its revenue from retailers of products in the United States with a significant amount of sales concentrated with several large customers the loss of which could have an adverse impact on the financial position of the Company. Revenues derived from the Company’s five largest customers for the three months ended December 31, 2017 and 2016 were approximately 80% and 92% respectively, of total net revenues. Revenues derived from the Company’s top five customers for the nine months ended December 31, 2017 and 2016 were approximately 74% and 84% of total net revenues, respectively. Toys R Us was one of the Company’s top five customers for the three and nine months ended December 31, 2017 and 2016. For the three months ended December 31, 2017 and 2016, Toys R Us accounted for approximately 17% and 20% of net sales, respectively. For the nine months ended December 31, 2017 and 2016, Toys R Us accounted for approximately 17% and 21% of net sales, respectively.