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CONCENTRATIONS OF REVENUES AND ACCOUNTS RECEIVABLE
9 Months Ended
Oct. 31, 2016
CONCENTRATIONS OF REVENUES AND ACCOUNTS RECEIVABLE  
CONCENTRATIONS OF REVENUES AND ACCOUNTS RECEIVABLE

NOTE 15 — CONCENTRATIONS OF REVENUES AND ACCOUNTS RECEIVABLE

 

During the three and nine months ended October 31, 2016 and 2015, the majority of the Company’s consolidated revenues related to performance by the power industry services segment which provided 86% and 98% of consolidated revenues for the three months ended October 31, 2016 and 2015, respectively, and 86% and 97% of consolidated revenues for the nine months ended October 31, 2016 and 2015, respectively.

 

The Company’s significant customer relationships for the three months ended October 31, 2016 included four project owner customers which accounted for approximately 21%, 19%, 18% and 15% of consolidated revenues, respectively. The Company’s significant customer relationships for the three months ended October 31, 2015 included three customers which accounted for approximately 36%, 36% and 10% of consolidated revenues for the period.

 

The Company’s significant customer relationships for the nine months ended October 31, 2016 included five project owner customers which accounted for approximately 17%, 16%, 16%, 14% and 14% of consolidated revenues, respectively. The Company’s significant customer relationships for the nine months ended October 31, 2015 included two customers which accounted for approximately 42% and 41%, respectively, of consolidated revenues for the period.

 

Accounts receivable balances from three major customers as of October 31, 2016 represented 16%, 16% and 14% of the corresponding consolidated balance as of October 31, 2016, and accounts receivable balances from two major customers each represented 27% of the corresponding consolidated balance as of January 31, 2016.