Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Major Customer Concentration

v3.19.2
Note 7 - Major Customer Concentration
9 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]
Note
7.
Major Customer Concentration
 
For the
three
months ended
June 30, 2019,
Customers A and B comprised
19%
and
12%,
respectively, of the Company’s net sales. Both Customers A and B are distributors. For the
nine
months ended
June 30, 2019,
Customers A and B comprised
18%
and
10%,
respectively, while Customer C comprised
11%
of the Company’s net sales. Customer C is a private label original equipment manufacturer. For the
three
months ended
June 30, 2018,
Customers A and B comprised
20%
and
13%,
respectively, of the Company’s net sales. For the
nine
months ended
June 30, 2018,
Customers A and B comprised
22%
and
14%,
respectively, of the Company’s net sales.
 
As of
June 30, 2019,
Customers A and B comprised
17%
and
15%,
respectively, of the Company’s accounts receivable. As of
September 30, 2018,
Customers C and A comprised
35%
and
10%,
respectively, of the Company’s accounts receivable.