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CONCENTRATIONS
 9 Months Ended
Dec. 31, 2012
Risks and Uncertainties [Abstract]  
Concentration Risk Disclosure [Text Block]

NOTE 14 — CONCENTRATIONS

 

  A. Credit Risk — The Company maintains its cash and cash equivalents balances at various large financial institutions that, at times, may exceed federally and internationally insured limits. The Company did not exceed the limits in effect as of December 31, 2012 and March 31, 2012.

 

  B. Customers — Sales to three customers accounted for approximately 40.4% and 46.7% of the Company’s revenues for the three months ended December 31, 2012 and 2011, respectively (of which one customer accounted for 27.8% and 34.5%, respectively, of total sales). Sales to three customers accounted for approximately 42.5% and 45.1% of the Company’s revenues for the nine months ended December 31, 2012 and 2011, respectively, (of which one customer accounted for 30.3% and 31.7%, respectively, of total sales).  Sales to three customers accounted for approximately 40.8% of accounts receivable at December 31, 2012.