CONCENTRATIONS

6 Months Ended

Sep. 30, 2013

Concentration Risk Disclosure [Text Block]

NOTE 14 — CONCENTRATIONS

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 at September 30, 2013 and exceeded the limits in effect by approximately $300,000 at March 31, 2013.

Customers — Sales to one customer accounted for approximately 29.1% and 31.0% of the Company’s revenues for the three months ended September 30, 2013 and 2012, respectively. Sales to one customer accounted for approximately 29.9% and 31.7% of the Company’s revenues for the six months ended September 30, 2013 and 2012, respectively, and approximately 40.2% of accounts receivable at September 30, 2013.

- 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.

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