v3.26.1
CONCENTRATION OF RISK
 12 Months Ended
Mar. 31, 2026
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 with cash.

For the fiscal years ended March 31, 2026 and 2025, one supplier accounted for 34% and 27%, respectively, of our purchased material.

On March 31, 2026, there were trade accounts receivable balances outstanding from two customers comprising 60% of the total trade receivables balance. On March 31, 2025, there were trade accounts receivable balances outstanding from three customers comprising 75% of the total trade receivables balance. The following table sets forth information regarding trade accounts receivable from customers who accounted for more than 10% of our accounts receivable as of:

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​

​

​

​

​

​

​

​

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​

​

​

​

​

March 31, 2026

​

March 31, 2025

 

Customer

  ​ ​ ​

Amount

  ​ ​ ​

Percent

  ​ ​ ​

Amount

  ​ ​ ​

Percent

 

A

​

$

*

​

*

%

$

239

​

11

%

B

​

$

*

​

*

%

$

*

​

*

%

C

​

$

*

​

*

%

$

*

​

*

%

D

​

$

*

​

*

%

$

382

​

17

%

E

​

$

1,159

 

47

%

$

1,024

 

47

%

F

​

$

*

​

*

%

$

*

​

*

%

G

​

$

335

​

13

%

$

*

​

*

%

*

less than 10% of total