Concentration of Credit Risk |
9 Months Ended |
|---|---|
Jan. 31, 2016 | |
| Risks and Uncertainties [Abstract] | |
| Concentration of Credit Risk |
Note 8: Concentration of Credit Risk
Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of cash and cash equivalents, and accounts receivables. The Company maintains its cash and cash equivalents in financial institutions and brokerage accounts. To the extent that such deposits exceed the maximum insurance levels, they are uninsured. In regard to trade receivables, the Company performs ongoing evaluations of its customers' financial condition as well as general economic conditions and, generally, requires no collateral from its customers. On January 31, 2016, amounts due from two customers totaled approximately 23% and 22% respectively, of accounts receivable. At April 30, 2015 accounts receivable from one customer totaled approximately 16%.
In the fiscal quarter ended January 31, 2016 the Company had sales to two customers that totaled 28% and 14%, respectively of revenues. In the comparable three month period ended January 31, 2015 the Company had sales to one customer that totaled 27% of revenues. For the nine months ended January 31, 2016 the Company had sales to two customers that totaled 21% and 14%, respectively of revenues. In the comparable nine month period ended January 31, 2015 the Company had two customers that totaled 20% and 10%, respectively of revenues. |