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10. Concentration Risk Disclosure
12 Months Ended
Oct. 31, 2014
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. 

 

Two customers accounted for 24% or $2,707,000 of total revenues in fiscal year 2014 and one customer accounted for 11% or $1,269,000 of total revenues in fiscal year 2013. There were no significant accounts receivable balances for these customers as of the fiscal year ended October 31, 2014

 

The Company had foreign sales of $213,000 and $245,000 in fiscal years 2014 and 2013, respectively. All sales, including foreign sales, are denominated in U.S. dollars.