CONCENTRATIONS AND CREDIT RISK |
9 Months Ended | |
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Dec. 31, 2017 | ||
Risks and Uncertainties [Abstract] | ||
Concentration Risk Disclosure [Text Block] | NOTE 16. CONCENTRATIONS AND CREDIT RISK Revenues Three customers accounted for substantially all the Company’s revenues for the three months ended December 31, 2017. These three customers accounted for approximately 53%, 21% and 17% of revenues each, respectively. The same three customers accounted for approximately 55%, 12% and 24% of revenues for the nine months ended December 31, 2017. Three customers accounted for substantially all the Company’s revenues for the three months ended December 31, 2016. These three customers accounted for approximately 41%, 37% and 17% of revenues each, respectively. The same three customers accounted for approximately 46%, 32% and 17% of revenues for the nine months ended December 31, 2016. Accounts Receivable Three customers accounted for all the Company’s accounts receivable as of December 31, 2017. These three customers accounted for approximately 52%, 22%, and 12% of accounts receivable each, respectively. Four customers accounted for all the Company’s accounts receivable as of March 31, 2017. These four customers accounted for approximately 53%, 17%, 14%, and 12% of accounts receivable as of March 31, 2017. Purchasing Seven suppliers accounted for more than 69% of the Company’s purchases of raw materials for the nine months ended December 31, 2017. Included in these seven suppliers are two suppliers that accounted for approximately 31% and 9% of purchases each, respectively. Three suppliers accounted for more than 65% of the Company’s purchases of raw materials for the nine months ended December 31, 2016. These three suppliers accounted for approximately 48%, 9% and 9% of purchases each, respectively. |