Economic Dependency

3 Months Ended

Jan. 31, 2017

Risks and Uncertainties [Abstract]

Economic Dependency

NOTE 11 - ECONOMIC DEPENDENCY:

Approximately 28% of the Company’s sales were derived from four customers during the three months ended January 31, 2017. These customers also accounted for approximately $3,744,000 of the Company’s accounts receivable balance at January 31, 2017. Approximately 38% of the Company’s sales were derived from one customer during the three months ended January 31, 2016. This customer also accounted for approximately $3,942,000 of the Company’s accounts receivable balance at January 31, 2016. 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 three months ended January 31, 2017, approximately 22% of the Company’s purchases were from four vendors. These vendors accounted for approximately $518,000 of the Company’s accounts payable at January 31, 2017. For the three months ended January 31, 2016, approximately 52% of the Company’s purchases were from four vendors. These vendors accounted for approximately $3,348,000 of the Company’s accounts payable at January 31, 2016. 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.