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REVENUE RECOGNITION
6 Months Ended
Apr. 30, 2023
REVENUE RECOGNITION  
REVENUE RECOGNITION

NOTE 2- REVENUE RECOGNITION

 

As part of the revenue recognition reporting, the Company reports revenue by product line and geographic area. During the six month periods ended April 30, 2023 and 2022 the revenue by product line is as follows:

 

Category

 

Percentage

 

 

2023

 

 

Percentage

 

 

2022

 

Product sales

 

 

68%

 

 

758,280

 

 

 

70%

 

$712,634

 

Support

 

 

28%

 

 

312,373

 

 

 

29%

 

 

296,631

 

Cloud & Other

 

 

4%

 

 

46,930

 

 

 

1%

 

 

8,007

 

Total

 

 

100%

 

$1,117,583

 

 

 

100%

 

$1,017,272

 

 

The Company sells its products on a worldwide basis. During the six month periods ended April 30, 2023 and 2022 the Company’s geographic concentration of revenue is as follows:

 

Area

 

Percentage

 

 

2023

 

 

Percentage

 

 

2022

 

Europe

 

 

31%

 

 

342,460

 

 

 

39%

 

$395,759

 

North America

 

 

43%

 

 

475,664

 

 

 

34%

 

 

341,028

 

Asia Pacific

 

 

15%

 

 

179,965

 

 

 

22%

 

 

225,946

 

Middle East-Africa/Other

 

 

9%

 

 

96,955

 

 

 

4%

 

 

45,465

 

South America

 

 

2%

 

 

22,539

 

 

 

1%

 

 

9,074

 

Total

 

 

100%

 

$1,117,583

 

 

 

100%

 

$1,017,272