• Filing Date: 2018-02-14
  • Form Type: 10-Q
  • Description: Quarterly report
v3.8.0.1
Note 4 - Concentrations
9 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]
 
NOTE 
4
– CONCENTRATIONS
 
During the
three
months ended
 
December 31, 2017
three
customers accounted for
52%
of our net revenue. During the
nine
months ended
December 31, 2017
three
customers accounted for
59%
of our net revenue.
 
During the
three
-month period ended
December 31, 2016,
one
customer accounted for
71%
of our net revenue.
 During the
nine
-month period ended
December 31, 2016,
one
customer accounted for
61%
of our net revenue
 
As of
December 31, 2017,
three
customers represented
90%
of our accounts receivable.
 
As of
March 31, 2017,
one
customer represented
83%
of our accounts receivable.
 
The Company
’s customer base is comprised of foreign and domestic entities with diverse demographics. Net revenues from foreign customers for the
three
and
nine
months ended
December 31, 2017
was
$92,967
or
10%
and
$251,825
or
8%,
respectively.
 
Revenues from foreign customers represented
$48,750
of net revenue or
4.2%
for the
three
months ended
December 31, 2016.
Revenues from foreign customers represented
$602,405
of net revenue or
15.4%
for the
nine
months ended
December 31, 2016.
 
As of
 
December 31, 2017,
and
March 31, 2017,
accounts receivable included 
$1,902
and
$48,213,
respectively, from foreign customers.