• Filing Date: 2017-02-21
  • Form Type: 10-Q
  • Description: Quarterly report
v3.6.0.2
Note 4 - Concentrations
9 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]
 
NOTE 
4
– CONCENTRATIONS
 
During the
three
-month period ended
December
31,
2016,
one
customer accounted for
71%
of our revenue.
During the
three
-month period ended
December
31,
2015,
one
customer accounted for
42%
of our revenue.
 
During the
nine
-month period ended
December
31,
2016,
one
customer accounted for
61%
of our revenue. As of 
December
31,
2016,
one
customer represented
32%
of our accounts receivable.
 
During the
nine
-month period ended
December
31,
2015,
one
customer accounted for
42%
of our revenue. As of
March
31,
2016,
one
customer represented
43%
of our accounts receivable.
 
The Company’s customer base is comprised of foreign and domestic entities with diverse demographics. Revenues from foreign customers represented
$48,750
of net revenue or
4.2%
for the
three
months ended
December
31,
2016
and
$103,783
of net revenue or
10.2%
for the
three
months ended
December
31,
2015.
 
Revenues from foreign customers represented
$602,405
of net revenue or
15.4%
for the
nine
months ended
December
31,
2016
and
$302,780
of net revenue or
9%
for the
nine
months ended
December
31,
2015.
  
As of
December
31,
2016,
and
March
31,
2016,
accounts receivable included 
$2,158
and
$3,580,
respectively, from foreign customers.