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Significant Customers
9 Months Ended
Dec. 31, 2011
Significant Customers  
Significant Customers

(11)       Significant Customers 

 

We have historically derived significant revenue from a few key customers.  Revenue from CODA Automotive totaled $1,454,176 and $2,272,731, and $259,756 and $687,556 for the quarters and nine month periods ended December 31, 2011 and 2010, respectively, which was 53 percent and 36 percent, and 12 percent and 12 percent, of our consolidated total revenue, respectively.    

 

Trade accounts receivable from CODA Automotive were 54 percent and 16 percent of total accounts receivable as of December 31, 2011 and March 31, 2011, respectively. Inventories consisting of raw materials, work-in-progress and finished goods for this customer totaled $5,619,195 and $832,320 as of December 31, 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 $197,220 and $406,069 and $177,025 and $1,021,359 for the quarters and nine month periods ended December 31, 2011 and 2010, respectively, which was 7 percent and 6 percent, and 8 percent and 15 percent of our consolidated total revenue for the quarters and nine month periods ended December 31, 2011 and 2010, respectively. Accounts receivable from government-funded contracts represented 33 percent and 49 percent of total accounts receivable as of December 31, 2011 and March 31, 2011, respectively. Of these amounts, revenue derived from subcontracts with AM General LLC totaled zero and $55,724, and $46,478 and $762,088 for the quarters and nine months ended December 31, 2011 and 2010, respectively, which represented nil and 1 percent, and 2 percent and 11 percent, of our consolidated total revenue for the quarters and nine month periods ended December 31, 2011 and 2010, respectively. There were no accounts receivable balances or inventories for this customer at December 31, 2011 and March 31, 2011, respectively.