Quarterly report pursuant to Section 13 or 15(d)

Concentrations

v3.7.0.1
Concentrations
6 Months Ended
Apr. 30, 2017
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 8 - CONCENTRATIONS

 

Significant Customers

 

During the three months ended April 30, 2017, the Company had a customer from whom it generated sales greater than 10% of net revenues. Revenue from this customer was $1,016,784, or 19% of net revenues during the period. Total accounts receivable from this customer at April 30, 2017 was $189,110 or 7% of accounts receivable.

 

During the three months ended April 30, 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 48% of net revenues during the period. Total accounts receivable from these customers at April 30, 2016 was $627,299 or 19% of accounts receivable.

 

During the six months ended April 30, 2017, the Company had a customer from whom it generated sales greater than 10% of net revenues. Revenue from this customer was $2,853,925, or 27% of net revenues during the period. Total accounts receivable from this customer at April 30, 2017 was $189,110 or 7% of accounts receivable.

 

During the six months ended April 30, 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 37% of net revenues during the period. Total accounts receivable from these customers at April 30, 2016 was $627,299 or 19% of accounts receivable.