v3.7.0.1
Concentrations
3 Months Ended
Jun. 30, 2017
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 12 — 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 has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk.
     
  B. Customers — Sales to one customer, the Southern Glazer’s Wine and Spirits of America, Inc. family of companies, accounted for approximately, 39.8% and 23.1% of the Company’s net sales for the three months ended June 30, 2017 and 2016, respectively, and approximately 35.9% and 29.3% of accounts receivable at June 30 and March 31, 2017, respectively.