Customer Concentrations and Accounts Receivable |
6 Months Ended |
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Sep. 30, 2015 | |
| Customer Concentrations and Accounts Receivable | |
| Customer Concentrations and Accounts Receivable |
4. Customer Concentrations and Accounts Receivable
Sales to Optimal Group Australia Pty Ltd (“Optimal”), one of the Company’s Australian distributors, and Horizon Power Systems (“Horizon”), one of the Company’s domestic distributors, accounted for 29% and 12%, respectively, of revenue for the three months ended September 30, 2015. Sales to BPC Engineering (“BPC”), one of the Company’s Russian distributors, Horizon and E-Finity Distributed Generation, LLC (“E-Finity”), one of the Company’s domestic distributors, accounted for 20%, 18% and 12%, respectively, of revenue for the three months ended September 30, 2014. For the six months ended September 30, 2015, Horizon and Optimal accounted for 18% and 13% of revenue, respectively. For the six months ended September 30, 2014, Horizon, BPC and E-Finity accounted for 21%, 17% and 12% of revenue, respectively. Additionally, Optimal, DTC Soluciones Inmobiliarias S.A. de C.V., one of the Company’s Mexican distributors, Serba Dinamik Sdn Bhd, one of the Company’s Malaysian distributors and RSP Systems, one of the Company’s domestic distributors, accounted for 32%, 16%, 14% and 11%, respectively, of net accounts receivable as of September 30, 2015. Optimal accounted for 17% of net accounts receivable as of March 31, 2015.
There were no significant bad debt charges or recoveries for the three and six months ended September 30, 2015, respectively. The Company recorded bad debt expense of $3.0 million and $3.1 million for the three and six months ended September 30, 2014, respectively.
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