v3.25.4
Note 5 - Concentrations
9 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]

NOTE 5 – CONCENTRATIONS

 

During the three and nine months ended December 31, 2025,  two customers accounted for 44% and 43% of our net revenue, respectively.

 

During the three and nine months ended December 31, 2024,  two customers accounted for 54% and 48% of our net revenue, respectively.

 

As of December 31, 2025, two customers represented 61% of our gross accounts receivable. As of March 31, 2025, four customers accounted for 89% of our gross accounts receivable.

 

As of December 31, 2024, three customers represented 88% of our gross accounts receivable.  

 

As of December 31, 2025, two vendors accounted for over 27% of our accounts payable balance.

 

As of December 31, 2024, one vendor accounted for over 19% of our accounts payable balance.

 

The Company’s customer base is comprised of foreign and domestic entities with diverse demographics. Net revenues from foreign customers for the three and nine months ended December 31, 2025 were $106,533 or 13% and $385,970 or 14%, respectively.

 

Net revenues from foreign customers for the three and nine months ended December 31, 2024 were $68,802 or 9% and $282,984 or 12%, respectively.