12. Significant Customer Concentrations

12 Months Ended

Mar. 31, 2013

Concentration Risk Disclosure [Text Block]

Concentration Risk Disclosure [Text Block]

12.                 Significant Customer Concentrations

For the years ended March 31, 2013 and 2012, sales to the U.S. Government represented approximately 65% and 66%, respectively of avionics net sales.  No other individual customer represented over 10% of net sales for these years.  No customer or distributor accounted for more than 10% of commercial or government net sales.

Net sales to foreign customers were $933,426 and $1,732,227 for the years ended March 31, 2013 and 2012, respectively.  All other sales were to customers located in the U.S. The following table presents net sales by U.S. and foreign countries:

	2013		2012
United States	$	6,893,832	$	14,776,451
Foreign countries		933,426		1,732,227
Total	$	7,827,258	$	16,508,678

Net sales related to any single foreign country did not comprise more than 10% of consolidated net sales. The Company had no assets outside the United States.

As of March 31, 2013 and 2012, one individual customer balance represented 13% and 42%, respectively, of the Company’s outstanding accounts receivable. Receivables from the U.S. Government represented approximately 53% and 24%, respectively, of total receivables at March 31, 2013 and 2012, respectively.