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13. OPERATING SEGMENT INFORMATION
12 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
OPERATING SEGMENT INFORMATION

     The Company reports and manages its operations based on a single operating segment: the design and distribution of carry and protective solutions, primarily for hand held electronic devices. Products designed and distributed by this segment include carrying cases and other accessories for medical monitoring and diagnostic kits, portable consumer electronic devices (such as smartphones, tablets, personnel computers, notebooks, and GPS devices), and a variety of other portable electronic and non-electronic products (such as firearms, sporting, and other recreational products). This segment operates in geographic regions that include the EMEA Region, the Americas and the APAC Region. Geographic regions are defined by reference primarily to the location of the customer or its contract manufacturer.

 

Revenues from External Customers

 

      The following table presents net revenues by geographic region.

 

    (dollars in thousands) 
    For the Fiscal Years Ended 
    September 30, 
    2017    2016 
EMEA Region:         
Germany  4,487  4,807 
Poland    4,215    4,690 
Other    580    436 
Total EMEA Region    9,282    9,933 
 
Americas:         
United States    7,755    7,318 
Other    15    15 
Total Americas    7,770    7,333 
 
APAC Region:         
Hong Kong    5,313    8,322 
Malaysia    825    448 
Taiwan    816    712 
Other    759    732 
Total APAC Region    7,713    10,214 
Total Net Revenues  24,765  27,480 

 

Long-Lived Assets

 

     Identifiable long-lived assets, consisting predominately of property, plant and equipment, are presented net of accumulated depreciation and amortization and segregated by geographic region as follows:

 

    (dollars in thousands) 
    September 30, 
    2017    2016 
Americas  21  43 
APAC Region     
EMEA Region     
Total long-lived assets (net)  21  43 

 

Supplier Concentration

 

      The Company procures all its supply of carrying solutions products from independent suppliers in China through Forward China. Depending on the product, Forward China may require several different suppliers to furnish component parts or pieces. The Company purchased approximately 100% of its OEM products from Forward China in Fiscal 2017 and 2016.

 

Major Customers

 

     The following customers or their affiliates or contract manufacturers accounted for more than ten percent of the Company’s net revenues, by geographic region, and in total.

 

  For the Fiscal Year Ended September 30, 2017
  EMEA Region   Americas   APAC Region   Total Company
Diabetic Products Customer A  46%   28%   -      26.3%
Diabetic Products Customer B  36%   34%   -      24.2%
Diabetic Products Customer C  -      -      69%   21.5%
Diabetic Products Customer D  10%   21%    3%   11.2%
Totals  92%   83%   72%   83.2%
 
  For the Fiscal Year Ended September 30, 2016
  EMEA Region   Americas   APAC Region   Total Company
Diabetic Products Customer A  45%   31%    -      31.0%
Diabetic Products Customer B  33%   24%   1%   24.5%
Diabetic Products Customer C  2%   -      81%   18.7%
Diabetic Products Customer D  14%   25%   4%   13.3%
Totals  94%   80%   86%   87.5%

 

     Four customers (including their affiliates or contract manufacturers) accounted for approximately 81% and 83% of the Company's accounts receivable at September 30, 2017 and 2016, respectively.