10. Concentration Risk Disclosure

12 Months Ended

Oct. 31, 2013

Notes

10. Concentration Risk Disclosure

10. Major Customers 

The Company’s principal business is to provide its customers business intelligence and predictive analytics solutions serving the needs of the aviation industry, primarily airlines, airports, and other aviation related companies. The Company believes it operates in one operating segment. The Company performs ongoing credit evaluations of its customers and generally does not require collateral. Credit losses historically have been immaterial. 

One customer accounted for 11% or $1,269,000 of total revenues in fiscal year 2013 and two customers accounted for 24% or $3,045,000 of total revenues in fiscal year 2012. In fiscal year 2012, one customer, a U.S. government agency, accounted for 14% of total revenues, or $1,746,000, and another customer accounted for 10% of total revenues, or $1,299,000. During fiscal year 2012, the contract with the U.S. government agency was completed. There were no significant past due accounts receivable balances for these customers as of the fiscal year ended October 31, 2013.

The Company had foreign sales of $245,000 and $139,000 in fiscal years 2013 and 2012, respectively. All sales, including foreign sales, are denominated in U.S. dollars.