Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.7.0.1
Concentrations
9 Months Ended
Jul. 31, 2017
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 8 – CONCENTRATIONS

 

Significant Customers

 

During the three months ended July 31, 2017, the Company had a customer from whom it generated sales greater than 10% of net revenues. Revenue from this customer was $1,107,723, or 22% of net revenues during the period. Total accounts receivable from this customer at July 31, 2017 was $605,831 or 24% of accounts receivable.

 

During the three months ended July 31, 2016, the Company had two customers from whom it generated sales greater than 10% of net revenues. Revenues from these customers were $2,780,925, or 65% of net revenues during the period. Total accounts receivable from these customers at July 31, 2016 was $627,299 or 26% of accounts receivable.

 

During the nine months ended July 31, 2017, the Company had a customer from whom it generated sales greater than 10% of net revenues. Revenue from this customer was $3,961,648, or 25% of net revenues during the period. Total accounts receivable from this customer at July 31, 2017 was $605,831 or 24% of accounts receivable.

 

During the nine months ended July 31, 2016, the Company had two customers from whom it generated sales greater than 10% of net revenues. Revenues from these customers were $3,893,432, or 26% of net revenues during the period. Total accounts receivable from these customers at July 31, 2016 was $627,299 or 26% of accounts receivable.