Note 10 - Segment Information and Business and Credit Concentrations

9 Months Ended

Jul. 31, 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 July 31, 2014 and October 31, 2013 have been adequately provided for in the condensed consolidated financial statements.

For the three months and nine months ended July 31, 2014, 16.8% and 12.7%, respectively, of consolidated net sales were attributable to one customer. For the three months ended July 31, 2013, 10.6% 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 nine months ended July 31, 2013.

For the nine months ended July 31, 2014 and 2013, approximately 77% and 70%, respectively, of consolidated net sales were from customers in the United States, and approximately 23% and 30%, 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 nine months ended July 31, 2014, Centric Solutions generated revenues, net of intercompany sales, totaling $355,671 and $911,075, respectively, and operating losses of $59,938 and $245,716, respectively. For the three months and nine months ended July 31, 2013, Centric Solutions generated revenues, net of intercompany sales, totaling $331,753 and $1,209,079, respectively, and operating losses of $82,890 and $22,970, respectively. Total assets of Centric Solutions of approximately $324,000 (net of intercompany amounts) are included in the total consolidated assets of the Company as of July 31, 2014.