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Note 8 - Information Concerning Sales To Major Customers

12 Months Ended

Aug. 31, 2014

Concentration Risk Disclosure [Text Block]

8.	INFORMATION CONCERNING SALES TO MAJOR CUSTOMERS

The Company had sales to three customers that exceeded 10 percent of total sales during fiscal years 2014, 2013 and 2012 as listed below:

	2014		2013		2012
Customer # 1	$	34,244,000	$	23,695,000	$	20,248,000
Customer # 2	$	1,772,000	$	3,033,000	$	4,829,000
Customer # 3	$	2,395,000	$	3,583,000	$	5,131,000

The Company had accounts receivable from customer #1 of $4,298,000 and $3,661,000 at August 31, 2014 and August 25, 2013, respectively. The Company had accounts receivable from customer #2 of $187,000 and $233,000 at August 31, 2014 and August 25, 2013, respectively. The Company had accounts receivable from customer #3 of $605,000 and $251,000 at August 31, 2014 and August 25, 2013, respectively. Realization of these receivables, sale of inventory, and its future operations could be significantly affected by adverse changes in the financial condition or the Company’s relationship with these customers.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

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