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Concentrations
6 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Concentrations

(9) Concentrations. The transportation segment primarily serves customers in the industries in the Southeastern U.S. Significant economic disruption or downturn in this geographic region or these industries could have an adverse effect on our financial statements.

 

During the first six months of fiscal 2012, the transportation segment’s ten largest customers accounted for approximately 53.7% of the transportation segment’s revenue. One of these customers accounted for 19.2% of the transportation segment’s revenue. The loss of any one of these customers would have an adverse effect on the Company’s revenues and income. Accounts receivable from the transportation segment’s ten largest customers was $2,961,000 and $3,115,000 at March 31, 2012 and September 30, 2011 respectively.

 

The mining royalty land segment has one lessee that accounted for 82.0% of the segment’s revenues and $134,000 of accounts receivable. The loss of this customer would have an adverse effect on the segment.

 

The Company places its cash and cash equivalents with high credit quality institutions. At times such amounts may exceed FDIC limits.