14. Significant Customer Concentrations

12 Months Ended

Mar. 31, 2014

Risks and Uncertainties [Abstract]

Concentration Risk Disclosure [Text Block]

14.                 Significant Customer Concentrations

For the years ended March 31, 2014 and 2013, sales to the U.S. Government represented approximately 64% and 65%, respectively of 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 $2,517,159 and $933,426 for the years ended March 31, 2014 and 2013, respectively.  All other sales were to customers located in the U.S. The following table presents net sales by U.S. and foreign countries:

	2014		2013
United States	$	13,311,132	$	6,893,832
Foreign countries		2,517,159		933,426
Total Avionics Sales	$	15,828,291	$	7,827,258

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

As of March 31, 2014, two customers accounted for a total of 60% of the Company’s outstanding accounts receivable. As of March 31, 2013, one individual customer balance represented 13% of the Company’s outstanding accounts receivable. Receivables from the U.S. Government represented approximately 26% and 53%, respectively, of total receivables at March 31, 2014 and 2013, respectively.