Economic Dependency

9 Months Ended

Jul. 31, 2020

Risks and Uncertainties [Abstract]

Economic Dependency

NOTE 9 - ECONOMIC DEPENDENCY:

Approximately 23% of the Company’s sales were derived from six customers during the nine months ended July 31, 2020. These customers also accounted for approximately $1,907,000 of the Company’s accounts receivable balance at July 31, 2020. Approximately 19% of the Company’s sales were derived from five customers during the nine months ended July 31, 2019. These customers also accounted for approximately $1,813,000 of the Company’s accounts receivable balance at July 31, 2019. 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, 2020, approximately 26% of the Company’s purchases were from six vendors. These vendors accounted for approximately $508,000 of the Company’s accounts payable at July 31, 2020. For the nine months ended July 31, 2019, approximately 25% of the Company’s purchases were from five vendors. These vendors accounted for approximately $496,000 of the Company’s accounts payable at July 31, 2019. 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.

For the three months ended July 31, 2020, approximately 21% of the Company’s sales were derived from six customers. Approximately 17% of the Company’s sales were derived from six customers during the three months ended July 31, 2019.

For the three months ended July 31, 2020, approximately 23% of the Company’s purchases were from six vendors. For the three months ended July 31, 2019, approximately 18% of the Company’s purchases were from six vendors.

The following table presents revenues by product line in the nine and three months ended July 31, 2020 and 2019.

	Nine Months Ended July 31, 2020		Three Months Ended July 31, 2020		Nine Months Ended July 31, 2019		Three Months Ended July 31, 2019
Green	$	18,453,377	$	5,765,246	$	25,573,649	$	8,394,907
Packaged	$	38,272,009	$	11,578,763	$	40,370,934	$	13,199,378
Totals	$	56,725,386	$	17,344,009	$	65,944,583	$	21,594,285