Note 7 - Major Customer Concentration
|3 Months Ended|
Dec. 31, 2021
|Notes to Financial Statements|
|Concentration Risk Disclosure [Text Block]||
Note 7. Major Customer Concentration
For the three months ended December 31, 2021, Customers A, B, and C comprisedand 10% of the Company’s net sales, respectively. Customers A and C are regional broadband service providers and Customer B is a distributor. For the three months ended December 31, 2020, Customer B comprised 19% and Customer D comprised 12% of the Company’s net sales, respectively. Both of these customers are distributors. These major customers, like our other customers, purchase our products from time to time through purchase orders, and the Company does not have any agreements that obligate these major customers to purchase products from us in the future.
As of December 31, 2021, Customer D comprised 11% of the Company’s accounts receivable. This customer is a distributor. As of September 30, 2021, Customers A was 17% of accounts receivable. Customer A is a regional broadband service provider.
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