Concentrations of Risk

9 Months Ended

Oct. 31, 2017

Risks and Uncertainties [Abstract]

Concentrations of Risk

10. CONCENTRATIONS OF RISK

The Company is exposed to the following concentrations of risk:

(a) Major customers

For the nine months ended October 31, 2017, there were two customers who accounted for 10% or more of the Company’s revenues. The customer who accounted for 10% or more of the Company’s revenues and its outstanding receivable balance at period-end are presented as follows:

	Nine months ended October 31, 2017
	Revenue		Percentage of Revenue			Accounts receivable
Customer A	$	1,831		20	%	$	-
Customer B		916		10	%		-
	$	2,747		30	%	$	-

For the three months ended October 31, 2017, there was one customer who accounted for 10% or more of the Company’s revenues. The customer who accounted for 10% or more of the Company’s revenues and its outstanding receivable balance at period-end are presented as follows:

	Three months ended October 31, 2017
	Revenue		Percentage of Revenue			Accounts receivable
Customer A	$	525		14	%	$	-

(b) Major vendors

For the nine months ended October 31, 2017, there were two vendors who accounted for 10% or more of the Company’s cost of revenues with no accounts payable balance at period-end.

	Nine months ended October 31, 2017
	Cost of Revenue		Percentage of Cost of Revenue			Accounts payable
Vendor A	$	3,452		72	%	$	-
Vendor B		1,369		28	%		-
	$	4,821		100	%	$	-

For the three months ended October 31, 2017, there were two vendors who accounted for 10% or more of the Company’s cost of revenues with no accounts payable balance at period-end.

	Three months ended October 31, 2017
	Cost of Revenue		Percentage of Cost of Revenue			Accounts payable
Vendor A	$	1,037		43	%	$	-
Vendor B		1,369		57	%		-
	$	2,406		100	%	$	-