Posted On: 05/18/2016 6:45:26 PM
Post# of 417
Accounts Receivable and Revenue Concentrations
The Company's wholly owned subsidiary, Trade Leasing, Inc., has more than 400 customers. Three customers represented about 23%, 11% and 10% of total receivables as of February 29, 2016. One customer represented about 20% of total receivables as of August 31, 2015. During the six month period ended February 29, 2016, the Company had one customer that represented 14% of total sales. During the six month period ended February 28, 2015, the Company had one customer that represented about 22% of total sales.
The Company's wholly owned subsidiary, Trade Leasing, Inc., has more than 400 customers. Three customers represented about 23%, 11% and 10% of total receivables as of February 29, 2016. One customer represented about 20% of total receivables as of August 31, 2015. During the six month period ended February 29, 2016, the Company had one customer that represented 14% of total sales. During the six month period ended February 28, 2015, the Company had one customer that represented about 22% of total sales.
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