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Economic Dependency
9 Months Ended
Jul. 31, 2018
Risks and Uncertainties [Abstract]  
Economic Dependency

NOTE 12 - ECONOMIC DEPENDENCY:

 

Approximately 27% of the Company’s sales were derived from five customers during the nine months ended July 31, 2018. Approximately 25% of the Company’s sales were derived from four customers during the nine months ended July 31, 2017. 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, 2018, approximately 26% of the Company’s purchases were from six vendors. These vendors accounted for approximately $278,000 of the Company’s accounts payable at July 31, 2018. For the nine months ended July 31, 2017, approximately 39% of the Company’s purchases were from eight vendors. These vendors accounted for approximately $354,000 of the Company’s accounts payable at July 31, 2017. 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 20% of the Company’s sales were derived from five customers during the three months ended July 31, 2018. Approximately 24% of the Company’s sales were derived from four customers during the three months ended July 31, 2017.

 

For the three months ended July 31, 2018, approximately 22% of the Company’s purchases were from six vendors. For the three months ended July 31, 2017, approximately 27% of the Company’s purchases were from four vendors.