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Note 5 - Concentrations
6 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]

NOTE 5 – CONCENTRATIONS

 

During the three months ended September 30, 2023, two customers accounted for 48% of our net revenue. During the three months ended September 30, 2022, three customers accounted for 65% of net revenue.

 

During the six months ended September 30, 2023, two customers accounted for 42% of our net revenue. During the three months ended September 30, 2022, two customers accounted for 50% of net revenue.

 

As of September 30, 2023, three customers represented 69% of our gross accounts receivable. As of March 31, 2023, two customers accounted for 75% of our gross accounts receivable.

 

As of September 30, 2023, two vendors accounted for 42% of our accounts payable balance.

 

The Company’s customer base is comprised of foreign and domestic entities with diverse demographics. Net revenues from foreign customers for the three and six months ended September 30, 2023 were $79,106 or 10% of net sales and $198,141 or 13% of net sales, respectively.

 

Net revenues from foreign customers for the three and six months ended September 30, 2022 were $86,296 or 8% of net sales and $211,571 or 10% of net sales, respectively.