Annual report pursuant to Section 13 and 15(d)

Concentrations

v3.8.0.1
Concentrations
12 Months Ended
Oct. 31, 2017
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 10 - CONCENTRATIONS

 

Significant Customers

 

During the year ended October 31, 2017, the Company had one customer from whom it generated sales greater than 10% of net revenues. Revenue from this customer was $4,036,591, or 22% of net revenues during the period. Total accounts receivable from this customer at October 31, 2017 was $289,571 or 21% of accounts receivable.

 

During the year ended October 31, 2016, the Company had two customers from whom it generated sales greater than 10% of net revenues. Revenues from these customers were $8,016,453, or 38% of net revenues during the year. Total accounts receivable from these customers at October 31, 2016 was $331,126 or 10% of accounts receivable.