|
Customer Concentrations and Accounts Receivable
|
9 Months Ended |
|---|---|
|
Dec. 31, 2014
|
|
| Customer Concentrations and Accounts Receivable | |
| Customer Concentrations and Accounts Receivable |
4. Customer Concentrations and Accounts Receivable
Sales to Horizon Power Systems (“Horizon”), one of the Company’s domestic distributors, Dtc Soluciones Inmobiliarias S.A. de C.V. (“DTC”), one of the Company’s Mexican distributors, and Optimal Group, one of the Company’s Australian distributors, accounted for 17%, 12% and 11%, respectively, of revenue for the three months ended December 31, 2014. Sales to E-Finity Distributed Generation, LLC (“E-Finity”), one of the Company’s domestic distributors, Horizon and Regatta Solutions, Inc., one of the Company’s domestic distributors, accounted for 18%, 16% and 11%, respectively, of revenue for the three months ended December 31, 2013. For the nine months ended December 31, 2014, Horizon, BPC Engineering (“BPC”), one of the Company’s Russian distributors, and E-Finity accounted for 20%, 15% and 10% of revenue, respectively. For the nine months ended December 31, 2013, E-Finity, BPC and Horizon accounted for 21%, 14% and 13% of revenue, respectively.
Additionally, BPC and DTC accounted for 38% and 15% of net accounts receivable as of December 31, 2014. BPC, Electro Mecanique Industries, one of the Company’s distributors in the Middle East and Africa, and E-Finity accounted for 26%, 18% and 16%, respectively, of net accounts receivable as of March 31, 2014.
The Company recorded bad debt expense of $43,000 and $0.1 million for the three months ended December 31, 2014 and 2013, respectively. The Company recorded bad debt expense of $3.1 million and $0.2 million for the nine months ended December 31, 2014 and 2013, respectively.
|