Quarterly report pursuant to Section 13 or 15(d)

Customer Concentrations and Accounts Receivable

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Customer Concentrations and Accounts Receivable
3 Months Ended
Jun. 30, 2011
Customer Concentrations and Accounts Receivable  
Customer Concentrations and Accounts Receivable

4.  Customer Concentrations and Accounts Receivable

 

Sales to Banking Production Centre (“BPC”), one of the Company’s Russian distributors, and E—Finity Distributed Generation, LLC, one of the Company’s domestic distributors, accounted for 22% and 11%, respectively, of revenue for the first quarter of Fiscal 2012. Sales to BPC accounted for 32% of revenue for the first quarter of Fiscal 2011.

 

Additionally, BPC and Acrona Systems, Ltd the Company’s Swedish distributor, accounted for 29% and 11% of net accounts receivable as of June 30, 2011. BPC and Verdesis S.A., the Company’s Belgian distributor, accounted for 26% and 10%, respectively of net accounts receivable as of March 31, 2011.