Note 7: Major Customers and Foreign Sales

12 Months Ended

Aug. 31, 2012

Notes

Note 7: Major Customers and Foreign Sales

Note 7:  Major Customers and Foreign Sales

During the year ended August 31, 2012, we had sales to four customers totaling 16.11%, 12.64%, 11.05% and 10.86% of total revenues.  During the year ended August 31, 2011, we had sales to three customers totaling 35.01%, 10.01% and 10.01% of total revenues. During the year ended August 31, 2010, we had sales to five customers totaling 22.75%, 19.55%, 19.15%, 15.86% and 12.04% of total revenues.

Export sales were $694,629, $1,135,372 and $678,893 in fiscal years 2012, 2011 and 2010, respectively.

During fiscal years 2012 and 2011, export sales to Germany were approximately 16% and 35% of total sales, respectively.  During fiscal year 2010, export sales to China and Germany were approximately 23% and 12% of total sales, respectively. 

As of August 31, 2012, 64% of accounts receivable was due from one customer.