Customer Concentrations and Accounts Receivable |
9 Months Ended |
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Dec. 31, 2015 | |
| Customer Concentrations and Accounts Receivable | |
| Customer Concentrations and Accounts Receivable |
4. Customer Concentrations and Accounts Receivable
Sales to E-Finity Distributed Generation, LLC (“E-Finity”), one of the Company’s domestic distributors, Critchfield Pacific Incorporated, one of the Company’s domestic distributors, Horizon Power Systems (“Horizon”), one of the Company’s domestic distributors, and Dtc Soluciones Inmobiliarias S.A. de C.V. (“DTC”), one of the Company’s Mexican distributors, accounted for 17%, 13%, 12% and 10%, respectively, of revenue for the three months ended December 31, 2015. Sales to Horizon, DTC and Optimal Group Australia Pty Ltd (“Optimal”), one of the Company’s Australian distributors, accounted for 17%, 12% and 11%, respectively, of revenue for the three months ended December 31, 2014. For the nine months ended December 31, 2015, Horizon, E-Finity and Optimal accounted for 16%, 11% and 10% of revenue, respectively. 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. Additionally, DTC, E-Finity, RSP Systems, one of the Company’s domestic distributors, and Serba Dinamik Sdn Bhd, one of the Company’s Malaysian distributors, accounted for 19%, 16%, 16% and 11%, respectively, of net accounts receivable as of December 31, 2015. Optimal accounted for 17% of net accounts receivable as of March 31, 2015.
The Company recorded bad debt recovery of $0.2 million for the three and nine months ended December 31, 2015, respectively. The Company recorded bad debt expense of $43,000 and $3.1 million for the three and nine months ended December 31, 2014, respectively.
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