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REVENUE RECOGNITION
6 Months Ended
Apr. 30, 2024
REVENUE RECOGNITION  
REVENUE RECOGNITION

NOTE 3- 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, 2024 and 2023 the revenue by product line is as follows:

 

Category

 

Percentage

 

 

2024

 

 

Percentage

 

 

2023

 

Product sales

 

 

65%

 

 

802,437

 

 

 

68%

 

 

758,280

 

Support

 

 

32%

 

 

392,938

 

 

 

28%

 

 

312,373

 

Cloud & Other

 

 

3%

 

 

36,967

 

 

 

4%

 

 

46,930

 

Total

 

 

100%

 

 

1,232,342

 

 

 

100%

 

 

1,117,583

 

The Company sells its products on a worldwide basis. During the six months periods ended April 30, 2024 and 2023 the Company’s geographic concentration of revenue is as follows: 

 

Area

 

Percentage

 

 

2024

 

 

Percentage

 

 

2023

 

Europe

 

 

43%

 

$531,879

 

 

 

31%

 

$342,460

 

North America

 

 

40%

 

 

493,568

 

 

 

43%

 

 

475,664

 

Asia Pacific

 

 

9%

 

 

105,779

 

 

 

15%

 

 

179,965

 

Middle East-Africa/Other

 

 

6%

 

 

77,138

 

 

 

9%

 

 

96,955

 

South America

 

 

2%

 

 

23,978

 

 

 

2%

 

 

22,539

 

Total

 

 

100%

 

$1,232,342

 

 

 

100%

 

$1,117,583