v3.25.2
CONCENTRATION OF RISK
 12 Months Ended
Mar. 31, 2025
CONCENTRATION OF RISK  
CONCENTRATION OF RISK

NOTE 8 - CONCENTRATION OF RISK

We maintain bank account balances, which, at times, may exceed insured limits. We have not experienced any losses with these accounts and believe that we are not exposed to any significant credit risk on cash.

In the fiscal years ended March 31, 2025 and 2024, one supplier accounted for 27% and 20%, respectively, of our purchased material.

On March 31, 2025, there were trade accounts receivable balances outstanding from three customers comprising 75% of the total trade receivables balance. On March 31, 2024, there were trade accounts receivable balances outstanding from two customers comprising 78% of the total trade receivables balance. The following table sets forth information as to trade accounts receivable from customers who accounted for more than 10% of our accounts receivable as of:

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March 31, 2025

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March 31, 2024

 

Customer

    

Amount

    

Percent

    

Amount

    

Percent

 

A

​

$

239

​

11

%

$

806

​

34

%

B

​

$

*

​

*

%

$

*

​

*

%

C

​

$

*

​

*

%

$

*

​

*

%

D

​

$

382

​

17

%

$

*

​

*

%

E

​

$

1,024

 

47

%

$

1,042

 

44

%

F

​

$

*

​

*

%

$

*

​

*

%

*

less than 10% of total