Note 9 - Major Customers and Export Sales

6 Months Ended

Mar. 28, 2020

Concentration Risk Disclosure [Text Block]

NOTE

Major Customers and Export Sales

During the

three

months ended

March 28, 2020,

the Company had

two

customers that represented

87%

(

63%

and

24%,

respectively) of net revenue as compared to the

three

months ended

March 30, 2019,

during which

two

customers represented

94%

(

49%

and

45%,

respectively) of net revenue. During the

six

month period ended

March 28, 2020,

the Company had

two

customers that represented

75%

(

63%

and

12%,

respectively) of net revenue as compared to the

six

month period ended

March 30, 2019,

during which

two

customers represented

92%

(

61%

and

31%,

respectively) of net revenue.

A breakdown of foreign and domestic net revenue for the

first

three

and

six

months of fiscal

2020

and

2019

is as follows:

	March 28, 2020				March 30, 2019
	3 months		6 months		3 months		6 months

Domestic	$	495,838	$	988,047	$	1,821,788	$	2,844,465
Foreign		226,913		400,629		106,680		196,348
Total net revenue	$	722,751	$	1,388,676	$	1,928,468	$	3,040,813

The Company sold products into

two

countries during each of the

three

month periods ended

March 28, 2020

and

March 30, 2019.

The Company sold products into

two

countries during the

six

month period ended

March 28, 2020

and

three

countries during the

six

month period ended

March 30, 2019.

A sale is attributed to a foreign country based on the location of the contracting party. Domestic revenue

may

include the sale of products shipped through domestic resellers or manufacturers to international destinations. The table below summarizes foreign revenues by country as a percentage of total foreign revenue.

	March 28, 2020						March 30, 2019
	3 months			6 months			3 months			6 months

Saudi Arabia		99	%		99	%		31	%		57	%
Bahrain		1	%		1	%		-			-
Egypt		-			-			69	%		38	%
Philippines		-			-			-			5	%

A summary of foreign revenue, as a percentage of total foreign revenue by geographic area, is as follows:

	March 28, 2020						March 30, 2019
	3 months			6 months			3 months			6 months

Mid-East and Africa		100	%		100	%		100	%		95	%
Far East		-			-			-			5	%