Note 7: Major Customers and Foreign Sales

12 Months Ended

Aug. 31, 2013

Notes

Note 7: Major Customers and Foreign Sales

Note 7:  Major Customers and Foreign Sales

During the year ended August 31, 2013, we had sales to one customer totaling 30.36% of total revenues.  During the year ended August 31, 2012, we had sales to four customers 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. 

Export sales were $1,470,619, $694,629 and $1,135,372 in fiscal years 2013, 2012 and 2011, respectively.

During fiscal year 2013, export sales to Belgium were approximately 30% of total sales.  During fiscal years 2012 and 2011, export sales to Germany were approximately 16% and 35% of total sales, respectively. 

As of August 31, 2013 and 2012, approximately 72% and 64% of accounts receivable was due from one customer, respectively.