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NOTE 10: CUSTOMER CONCENTRATIONS AND FOREIGN SALES
 6 Months Ended
Aug. 31, 2021
Risks and Uncertainties [Abstract]  
NOTE 10: 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:

 

 

   Six Months Ended
August 31,		   Three Months Ended
August 31,		 
   2021   2020   2021   2020 
                 
Asia Pacific (APAC)   $2,853,000   $2,377,000   $1,631,000   $455,000 
Europe, Middle East, Asia (EMEA)    1,436,000    1,198,000    593,000    767,000 
Latin America   645,000    423,000    293,000    103,000 
   $4,934,000   $3,998,000   $2,517,000   $1,325,000 

 

During first half of fiscal 2022 and fiscal 2021, sales to foreign customers accounted for approximately $4,934,000  and $3,998,000, or 64% and 58% respectively, of total revenues.

 

During second quarter of fiscal 2022 and fiscal 2021, sales to foreign customers accounted for approximately $2,517,000 and $1,325,000, or 62% and 38% respectively, of total revenues.

 

The Company had two customers which accounted for 26% of sales during the first half of fiscal 2022. The Company had five customers which accounted for 47% of sales during the second quarter of fiscal 2022. Two customers accounted for 55% of the outstanding accounts receivables at August 31, 2021.

 

The Company had six customers which accounted for 47% of sales during the first half of fiscal 2021.The Company had six customers which accounted for 54% of sales during the second quarter of fiscal 2021. Two customers accounted for 64% of the outstanding accounts receivables at February 28, 2021 .