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CUSTOMER CONCENTRATIONS AND FOREIGN SALES
 3 Months Ended
May 31, 2021
Risks and Uncertainties [Abstract]  
CUSTOMER CONCENTRATIONS AND FOREIGN SALES

NOTE 10: CUSTOMER CONCENTRATIONS AND FOREIGN SALES

 

Export sales to customers located outside the United States and Canada were approximately as follows:

 

 

   May 31,
2021		   May 31,
2020		 
Asia Pacific (APAC)   1,222,000    1,923,000 
Europe, Middle East, Asia (EMEA)   842,000    430,000 
Latin America    352,000    320,000 
   $2,416,000   $2,673,000 

 

During first quarter of fiscal 2022 and fiscal 2021, sales to foreign customers accounted for approximately $2,416,000 and $2,673,000, or 66% and 78% respectively, of total revenues.

 

The Company had three customers which accounted for 33% of sales during the first quarter of fiscal 2022. Four customers accounted for 54% of the outstanding accounts receivables at May 31, 2021.

 

The Company had three customers which accounted for 46% of sales during the first quarter of fiscal 2021. Three customers accounted for 45% of the outstanding accounts receivables at May 31, 2020.