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Note 7: Major Customers and Foreign Sales
12 Months Ended
Aug. 31, 2014
Notes  
Note 7: Major Customers and Foreign Sales

Note 7:  Major Customers and Foreign Sales

 

During the year ended August 31, 2014, we had sales to two foreign customers totaling 23.46% and 22.92% of total revenues.  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 totaling 16.11%, 12.64%, 11.05% and 10.86% of total revenues.

 

Export sales were $3,381,563, $1,470,619 and $694,629 in fiscal years 2014, 2013 and 2012, respectively.

 

During fiscal year 2014, export sales to Taiwan and Belgium combined were approximately 46% of total sales.  During fiscal years 2013 and 2012, export sales to Belgium and Germany combined were approximately 30% and 16% of total sales, respectively.

 

As of August 31, 2014 the highest account receivable due from one customer was approximately 26% of total accounts receivable.  As of August 31, 2013 approximately 72% of accounts receivable was due from one customer.