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.