Concentrations |
12 Months Ended |
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Oct. 31, 2020 | |
| Risks and Uncertainties [Abstract] | |
| Concentrations |
NOTE 10 – CONCENTRATIONS
Significant Customers
During the year ended October 31, 2020, the Company had one customer from whom it generated sales greater than 10% of net revenues. Revenue from this customer was $4,273,702, or 21% of net revenues during the period. Total accounts receivable from this customer at October 31, 2020 was $214,747 or 11% of accounts receivable.
During the year ended October 31, 2019, the Company had one customer from whom it generated sales greater than 10% of net revenues. Revenues from this customer was $6,764,199, or 27% of net revenues during the year. Total accounts receivable from this customer at October 31, 2019 was $898,584 or 20% of accounts receivable. |
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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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