Economic Dependency

3 Months Ended

Jan. 31, 2019

Risks and Uncertainties [Abstract]

Economic Dependency

NOTE 11 - ECONOMIC DEPENDENCY:

Approximately 21% of the Company’s sales were derived from five customers during the three months ended January 31, 2019. These customers also accounted for approximately $2,500,000 of the Company’s accounts receivable balance at January 31, 2019. Approximately 25% of the Company’s sales were derived from four customers during the three months ended January 31, 2018. These customers also accounted for approximately $7,710,000 of the Company’s accounts receivable balance at January 31, 2018. 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, 2019, approximately 30% of the Company’s purchases were from five vendors. These vendors accounted for approximately $486,000 of the Company’s accounts payable at January 31, 2019. For the three months ended January 31, 2018, approximately 20% of the Company’s purchases were from four vendors. These vendors accounted for approximately $475,000 of the Company’s accounts payable at January 31, 2018. 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.

The following table presents revenues by product line in the three months ended January 31, 2019 and 2018

	January 31, 2019		January 31, 2018
Green coffee beans	$	9,157,707	$	10,846,628
Packaged coffee		14,476,104		11,236,591
Totals	$	23,633,811	$	22,083,219