Note 5 - Concentrations

9 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE 5 – CONCENTRATIONS

During the three months ended December 31, 2022, two customers accounted for 50% of our net revenue. During the three months ended December 31, 2021, two customers accounted for 66% of net revenue.

During the nine months ended December 31, 2022, two customers accounted for 45% of our net revenue. During the nine months ended December 31, 2021, two customers accounted for 54% of net revenue.

As of December 31, 2022, two customers represented 54% of our gross accounts receivable. As of March 31, 2022, three customers accounted for 75% of our gross 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, 2022 were $80,465 or 8% and $292,036 or 10%, respectively.  

Net revenues from foreign customers for the three and nine months ended December 31, 2021 were $80,358 or 11% and $237,852 or 10%, respectively.