Note 10 - Segment Information and Business and Credit Concentrations

6 Months Ended

Apr. 30, 2014

Risks and Uncertainties [Abstract]

Concentration Risk Disclosure [Text Block]

(10) Segment Information and Business and Credit Concentrations

The Company provides credit, in the normal course of business, to various commercial enterprises, governmental entities and not-for-profit organizations. Concentration of credit risk with respect to trade receivables is limited due to the Company’s large number of customers. The Company also manages exposure to credit risk through credit approvals, credit limits and monitoring procedures. Management believes that credit risks as of April 30, 2014 and October 31, 2013 have been adequately provided for in the condensed consolidated financial statements.

For the three months and six months ended April 30, 2014, 14.3% and 10.4%, respectively, of consolidated net sales were attributable to one customer. For the three months ended April 30, 2013, 10.2% of consolidated net sales were attributable to one customer. No single customer accounted for more than 10% of the Company’s consolidated net sales during the six months ended April 30, 2013.

For the six months ended April 30, 2014 and 2013, approximately 75% and 68%, respectively, of consolidated net sales were from customers in the United States, and approximately 25% and 32%, respectively, were from customers outside of the United States.

The Company has a single reportable segment for purposes of segment reporting, exclusive of Centric Solutions LLC (“Centric Solutions”). For the three months and six months ended April 30, 2014, Centric Solutions generated revenues, net of intercompany sales, totaling $365,590 and $555,404, respectively, and operating losses of $53,939 and $185,778, respectively. For the three months and six months ended April 30, 2013, Centric Solutions generated revenues, net of intercompany sales, totaling $623,804 and $877,326, respectively, and operating income of $137,630 and $59,920, respectively. Total assets of Centric Solutions of approximately $244,000 (net of intercompany amounts) are included in the total consolidated assets of the Company as of April 30, 2014.