We sell telematics products and services to large global enterprises in the industrial equipment, transportation and automotive market verticals. One customer in the industrial equipment industry accounted for 18% and 20% of our consolidated revenue for the three and six months ended August 31, 2021, respectively, and 18% and 17% of our consolidated revenue for the three and six months ended August 31, 2020, respectively. The same customer accounted for 20% and 25% of our consolidated accounts receivable at August 31, 2021 and February 28, 2021, respectively. One customer in the transportation industry accounted for 12% of our consolidated revenue for the three months ended August 31, 2021 and 13% of our consolidated accounts receivable at August 31, 2021.

We purchase a significant amount of our inventory from certain manufacturers or suppliers including components, assemblies and electronic manufacturing parts. These suppliers are located in Mexico and Asia, including China. The inventory is purchased under standard supply agreements that outline the terms of the product delivery. The title and risk of loss of the product generally pass to us upon shipment from the manufacturer’s plant or warehouse. For the three and six months ended August 31, 2021, four of our suppliers accounted for approximately 50% and 55% of our total inventory purchases, respectively. For the three and six months ended August 31, 2020, four of our suppliers accounted for approximately 59% and 64% of our total inventory purchases, respectively. As identified below, some of these manufacturers accounted for more than 10% of our accounts payable as follows (rounded):

	August 31,			February 28,
	2021			2021
Accounts payable:
Supplier A		15	%		17	%
Supplier B		10	%		11	%

We are currently reliant upon these suppliers for products. Although we believe that we can obtain products from other sources, the loss of a significant supplier could have a material impact on our financial condition and results of operations as the products that are being purchased may not be available on similar terms from another supplier.