NET SALES BY PRODUCT LINE AND GEOGRAPHY

12 Months Ended

Apr. 30, 2019

NET SALES BY PRODUCT LINE AND GEOGRAPHY

NOTE 14—NET SALES BY PRODUCT LINE AND GEOGRAPHY

Torotel’s net sales by market, product line and geography for the periods presented were as follows:


Years ended April 30,	2019		2018
Commercial Aerospace	$	7,690,000		7,830,000
Defense		11,849,000		9,611,000
Industrial		1,016,000		955,000
Total consolidated net sales	$	20,555,000	$	18,396,000



Years ended April 30,	2019		2018
Magnetic components	$	10,600,000	$	9,251,000
Potted coil assembly		5,751,000		5,962,000
Electro-mechanical assemblies		3,920,000		3,060,000
Large transformers		284,000		123,000
Total consolidated net sales	$	20,555,000	$	18,396,000


Years ended April 30,	2019		2018
Domestic	$	18,472,000	$	16,237,000
Foreign		2,083,000		2,159,000
Total consolidated net sales	$	20,555,000	$	18,396,000

The amounts presented above for fiscal year 2018 are recognized under ASC 605. The amounts presented for fiscal year 2019 are recognized under ASC 606. See the policy on revenue recognition within Note 1 and further disclosures of the effects associated with the adoption of ASC 606 within Note 3 – Revenue.

Torotel currently has a primary base of approximately 15 customers that provide nearly 91% of its annual sales volume. Sales to two major customers as a percentage of consolidated net sales for the fiscal year ended April 30, 2019 was 30% and 21% respectively. Sales to two major customers as a percentage of consolidated net sales for the fiscal year ended April 30, 2018 was 34% and 18% respectively. Trade receivables from one major customer as a percentage of consolidated net trade receivables for the fiscal years ended April 30, 2019 and 2018 was 15% and 36%, respectively.