Note 9 - Major Customer Concentration |
9 Months Ended |
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Jun. 30, 2024 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] |
Note 9. Major Customer Concentration
For the three months ended June 30, 2024, the Company had one customer that comprised 15% of the Company’s net sales. The customer is a distributor. For the nine months ended June 30, 2024, the Company had one customer that comprised 11% of the Company’s net sales. The customer is a distributor.
For the three months ended June 30, 2023, the Company had one customer that comprised 17% of the Company’s net sales. The customer is a distributor. For the nine months ended June 30, 2023, the Company had one customer that comprised 16% of the Company’s net sales. The customer is a distributor.
As of June 30, 2024, three customers accounted for 19%, 12% and 11% of accounts receivable, respectively. These customers are all distributors. As of September 30, 2023, three customers accounted for 16%, 13%, and 11% of accounts receivable, respectively. These customers are also distributors.
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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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