CUSTOMER CONCENTRATIONS	9 Months Ended
Oct. 31, 2021
CUSTOMER CONCENTRATIONS
CUSTOMER CONCENTRATIONS	NOTE 13 – CUSTOMER CONCENTRATIONS The majority of the Company’s consolidated revenues relate to performance by the power industry services segment which provided 80% and 86% of consolidated revenues for the three months ended October 31, 2021 and 2020, respectively, and 77% and 83% of consolidated revenues for the nine months ended October 31, 2021 and 2020, respectively. The industrial services segment represented 17% and 12% of consolidated revenues for the three months ended October 31, 2021 and 2020, respectively, and 20% and 15% of consolidated revenues for the nine months ended October 31, 2021 and 2020, respectively. The Company’s most significant customer relationship for the three months ended October 31, 2021 included one power industry service customer, which accounted for 56% of consolidated revenues. The Company’s most significant customer relationship for the three months ended October 31, 2020 included one power industry service customer, which accounted for 70% of consolidated revenues. The Company’s most significant customer relationships for the nine months ended October 31, 2021 included one power industry service customer and one industrial services customer, which accounted for 61% and 11% of consolidated revenues, respectively. The Company’s most significant customer relationship for the nine months ended October 31, 2020 included one power industry service customer, which accounted for 69% of consolidated revenues. The accounts receivable balances from two major customers represented 25% and 21% of the corresponding consolidated balance as of October 31, 2021. Accounts receivable balances from three major customers represented 26%, 11% and 11% of the corresponding consolidated balance as of January 31, 2021. The contract asset balances from two major customers represented 30% and 12% of the corresponding consolidated balance as of October 31, 2021. Contract asset balances from two major customers represented 64% and 12% of the corresponding consolidated balance as of January 31, 2021.

CUSTOMER CONCENTRATIONS

9 Months Ended

Oct. 31, 2021

NOTE 13 – CUSTOMER CONCENTRATIONS

The majority of the Company’s consolidated revenues relate to performance by the power industry services segment which provided 80% and 86% of consolidated revenues for the three months ended October 31, 2021 and 2020, respectively, and 77% and 83% of consolidated revenues for the nine months ended October 31, 2021 and 2020, respectively. The industrial services segment represented 17% and 12% of consolidated revenues for the three months ended October 31, 2021 and 2020, respectively, and 20% and 15% of consolidated revenues for the nine months ended October 31, 2021 and 2020, respectively.

The Company’s most significant customer relationship for the three months ended October 31, 2021 included one power industry service customer, which accounted for 56% of consolidated revenues. The Company’s most significant customer relationship for the three months ended October 31, 2020 included one power industry service customer, which accounted for 70% of consolidated revenues. The Company’s most significant customer relationships for the nine months ended October 31, 2021 included one power industry service customer and one industrial services customer, which accounted for 61% and 11% of consolidated revenues, respectively. The Company’s most significant customer relationship for the nine months ended October 31, 2020 included one power industry service customer, which accounted for 69% of consolidated revenues.

The accounts receivable balances from two major customers represented 25% and 21% of the corresponding consolidated balance as of October 31, 2021. Accounts receivable balances from three major customers represented 26%, 11% and 11% of the corresponding consolidated balance as of January 31, 2021. The contract asset balances from two major customers represented 30% and 12% of the corresponding consolidated balance as of October 31, 2021. Contract asset balances from two major customers represented 64% and 12% of the corresponding consolidated balance as of January 31, 2021.