Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Major Customer Concentration

v3.19.1
Note 7 - Major Customer Concentration
6 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]
Note
7.
Major Customer Concentration
 
For the
three
months ended
March 31, 2019,
Customers A and B comprised
17%
and
10%,
respectively, of the Company’s net sales. Both Customers A and B are distributors. For the
six
months ended
March 31, 2019,
Customers A and C comprised
18%
and
11%,
respectively, of the Company’s net sales. Customer C is a private label original equipment manufacturer. For the
three
months ended
March 31, 2018,
Customers A and B comprised
25%
and
16%,
respectively, of the Company’s net sales. For the
six
months ended
March 31, 2018,
Customers A and B comprised
24%
and
14%,
respectively, of the Company’s net sales.
 
As of
March 31, 2019,
Customer B comprised
13%
of the Company’s accounts receivable. As of
September 30, 2018,
Customers C, A, and B comprised
35%,
10%,
and
10%,
respectively, of the Company’s accounts receivable.