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Note 19 - Major Customers, Suppliers and Related Information

12 Months Ended

Sep. 30, 2022

Concentration Risk Disclosure [Text Block]

19. MAJOR CUSTOMERS, SUPPLIERS AND RELATED INFORMATION

Major Customers

For the fiscal year ended September 30, 2022, revenues from one customer accounted for 68% of total revenues with no other single customer accounting for more than 10% of total revenues. For the fiscal year ended September 30, 2021, revenues from one customer accounted for 58% of total revenues with no other single customer accounting for more than 10% of total revenues. As of September 30, 2022, accounts receivable from two customers accounted for 43% and 19% of total accounts receivable. As of September 30, 2021, accounts receivable from two customers accounted for 66% and 18% of total accounts receivable.

Revenue from customers in the United States was $45,703 for the year ended September 30, 2022. Revenue from customers in the United States was $37,888 for the year ended September 30, 2021. The following table summarizes revenues by geographic region. Revenues are attributed to countries based on customer’s delivery location.

	Years ended
	September 30,
	2022		2021
Americas	$	47,129	$	39,064
Asia Pacific		3,394		4,470
Europe, Middle East and Africa		3,512		3,469
Total Revenues	$	54,035	$	47,003

The following table summarized long lived assets by geographic region.

	September 30,
	2022		2021
United States	$	11,800	$	11,342
Americas (excluding the United States)		16		2,543
Asia Pacific		-		-
Europe, Middle East and Africa		446		674
	$	12,262	$	14,559

Suppliers

The Company has a large number of components and sub-assemblies produced by outside suppliers, some of which are sourced from a single supplier, which can magnify the risk of shortages and decrease the Company’s ability to negotiate with suppliers on the basis of price. In particular, the Company depends on one supplier of compression drivers for its LRAD products. If supplier shortages occur, or quality problems arise, then production schedules could be significantly delayed or costs significantly increased, which could in turn have a material adverse effect on the Company’s financial condition, results of operation and cash flows.