Annual report pursuant to Section 13 and 15(d)

Note E - Concentrations

v3.8.0.1
Note E - Concentrations
 12 Months Ended
Sep. 30, 2017
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]
NOTE E – CONCENTRATIONS
 
Suppliers:
The Company purchases critical components for our products, including injection molded parts and connectors from
third
parties, some of whom are single- or limited-source suppliers. If any of our suppliers are unable to ship critical components, we
may
be unable to manufacture and ship products to our distributors or customers. If the price of these components increases for any reason, or if these suppliers are unable or unwilling to deliver, we
may
have to find another source, which could result in interruptions, increased costs, delays, loss of sales and quality control problems.
 
Customers:
The following table summarizes customers comprising
10%
or more of net sales for the years ended
September 30, 2017,
2016,
and
2015:
 
    Year Ended September 30,
    2017   2016   2015
Customer A    
20
 %    
21
 %    
25
 %
Customer B    
15
 %    
16
 %    
*
  
 
* Less than
10%
 
As of
September 30, 2017,
Customer B accounted for
19%
of accounts receivable. As of
September 30, 2016,
Customers A and B accounted for
18%
and
12%
of accounts receivable, respectively. Customers A and B are both distributors.
 
Long-lived assets:
As of
September 30, 2017
and
2016,
the Company had property, plant and equipment with a net book value of
$581,396
and
$376,004,
respectively, located in Mexico.