CONCENTRATIONS OF CREDIT AND SALES RISK	3 Months Ended
Jun. 30, 2021
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF CREDIT AND SALES RISK	NOTE 14 - CONCENTRATIONS OF CREDIT AND SALES RISK The Company derives a majority of its revenues from retailers of products in the United States. The Company’s allowance for doubtful accounts is based upon management’s estimates and historical experience and reflects the fact that accounts receivable are concentrated with several large customers. At June 30, 2021, 78% of accounts receivable were due from three customers in North America that individually owed over 10% of total accounts receivable. At March 31, 2021, 70% of accounts receivable were due from four customers in North America that individually owed over 10% of total accounts receivable. For the three months ended June 30, 2021, there were four customers who individually accounted for 10% or more of the Company’s net sales. Revenue from these customers as a percentage of net sales were 45%, 18%, 14% and 14%, respectively. For the three months ended June 30, 2020, there were three customers who individually accounted for 10% or more of the Company’s net sales. Revenues from these customers as a percentage of net sales were 43%, 18% and 11%. THE SINGING MACHINE COMPANY, INC AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2021 and 2020 (Unaudited)

CONCENTRATIONS OF CREDIT AND SALES RISK

3 Months Ended

Jun. 30, 2021

NOTE 14 - CONCENTRATIONS OF CREDIT AND SALES RISK

The Company derives a majority of its revenues from retailers of products in the United States. The Company’s allowance for doubtful accounts is based upon management’s estimates and historical experience and reflects the fact that accounts receivable are concentrated with several large customers. At June 30, 2021, 78% of accounts receivable were due from three customers in North America that individually owed over 10% of total accounts receivable. At March 31, 2021, 70% of accounts receivable were due from four customers in North America that individually owed over 10% of total accounts receivable.

For the three months ended June 30, 2021, there were four customers who individually accounted for 10% or more of the Company’s net sales. Revenue from these customers as a percentage of net sales were 45%, 18%, 14% and 14%, respectively. For the three months ended June 30, 2020, there were three customers who individually accounted for 10% or more of the Company’s net sales. Revenues from these customers as a percentage of net sales were 43%, 18% and 11%.

THE SINGING MACHINE COMPANY, INC AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2021 and 2020

(Unaudited)