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11. ECONOMIC DEPENDENCY
9 Months Ended
Jul. 31, 2013
Risks and Uncertainties [Abstract]  
ECONOMIC DEPENDENCY

Approximately 59% of the Company’s sales were derived from one customer during the nine months ended July 31, 2013. This customer also accounted for approximately $7,086,000 of the Company’s accounts receivable balance at July 31, 2013. Approximately 63% of the Company’s sales were derived from one customer during the nine months ended July 31, 2012. This customer also accounted for approximately $6,886,000 of the Company’s accounts receivable balance at July 31, 2012. Concentration of credit risk with respect to other trade receivables is limited due to the short payment terms generally extended by the Company, by ongoing credit evaluations of customers, and by maintaining an allowance for doubtful accounts that management believes will adequately provide for credit losses.

  

For the nine months ended July 31, 2013, approximately 67% of the Company’s purchases were from four vendors. These vendors accounted for approximately $2,773,000 of the Company’s accounts payable at July 31, 2013. For the nine months ended July 31, 2012, approximately 62% of the Company’s purchases were from four vendors. These vendors accounted for approximately $3,057,000 of the Company’s accounts payable at July 31, 2012. Management does not believe the loss of any one vendor would have a material adverse effect of the Company’s operations due to the availability of many alternate suppliers.

 

Approximately 62% of the Company’s sales were derived from one customer during the three months ended July 31, 2013. Approximately 63% of the Company’s sales were derived from one customer during the three months ended July 31, 2012.

 

For the three months ended July 31, 2013, approximately 72% of the Company’s purchases were from four vendors. For the three months ended July 31, 2012, approximately 65% of the Company’s purchases were from three vendors. Management does not believe the loss of any one vendor would have a material adverse effect on the Company’s operations due to the availability of many alternate suppliers.