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Significant Customers
6 Months Ended
Sep. 30, 2011
Significant Customers 
Significant Customers

(12)       Significant Customers 

 

We have historically derived significant revenue from a few key customers.  Revenue from CODA Automotive totaled $818,555 and $358,800, and $818,555 and $427,800 for the quarters and six month periods ended September 30, 2011 and 2010, respectively, which was 35 percent and 18 percent, and 22 percent and 9 percent, of our consolidated total revenue, respectively.    

 

Trade accounts receivable from CODA Automotive were 6 percent and 16 percent of total accounts receivable as of September 30, 2011 and March 31, 2011, respectively. Inventories consisting of raw materials, work-in-progress and finished goods for this customer totaled $2,354,850 and $832,320 as of September 30, 2011 and March 31, 2011, respectively.

 

Revenue derived from contracts with agencies of the U.S. Government and from subcontracts with U.S. Government prime contractors totaled $135,547 and $317,053 and $208,849 and $844,334 for the quarters and six month periods ended September 30, 2011 and 2010, respectively, which was 6 percent and 16 percent, and 6 percent and 18 percent of our consolidated total revenue for the quarters and six month periods ended September 30, 2011 and 2010, respectively. Accounts receivable from government-funded contracts represented 69 percent and 49 percent of total accounts receivable as of September 30, 2011 and March 31, 2011, respectively. Of these amounts, revenue derived from subcontracts with AM General LLC totaled $35,438 and $328,689 and $55,724 and $715,611 for the quarters and six months ended September 30, 2011 and 2010, respectively, which represented 2 percent and 16 percent, and 2 percent and 16 percent, of our consolidated total revenue for the quarters and six month periods ended September 30, 2011 and 2010, respectively. There were no accounts receivable balances or inventories for this customer at September 30, 2011 and March 31, 2011, respectively.