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CUSTOMER CONCENTRATIONS AND FOREIGN SALES
 3 Months Ended
May 31, 2022
Risks and Uncertainties [Abstract]  
CUSTOMER CONCENTRATIONS AND FOREIGN SALES

NOTE 9: CUSTOMER CONCENTRATIONS AND FOREIGN SALES

 

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

 

 

   May 31,
2022		   May 31,
2021		 
Asia Pacific (APAC)   706,000    1,222,000 
Europe, Middle East, Asia (EMEA)   990,000    842,000 
Latin America   418,000    352,000 
   $2,114,000   $2,416,000 

 

During the three months ended May 31, 2022 and 2021, sales to foreign customers accounted for approximately $2,114,000 and $2,416,000, or 52% and 66% respectively, of total revenues.

 

The Company had seven customers which accounted for 40% of sales during the first quarter of fiscal 2023. Four customers accounted for 46% of the outstanding accounts receivables at May 31, 2022.

 

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.