Note 9 - Segment Information and Business and Credit Concentrations

6 Months Ended

Apr. 30, 2019

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

(9) Segment Information and Business and Credit Concentrations

The Company provides credit, in the normal course of business, to various commercial enterprises, governmental entities and not-for-profit organizations. Concentration of credit risk with respect to trade receivables is normally limited due to the Company’s large number of customers. The Company also manages exposure to credit risk through credit approvals, credit limits and monitoring procedures. Management believes that credit risks as of April 30, 2019 have been adequately provided for in the condensed consolidated financial statements.

For the three months ended April 30, 2019, 15.0% and 19.4% of consolidated net sales were attributable to two customers. For the six months ended April 30, 2019, 14.2% and 18.1% of consolidated net sales were attributable to the same two customers. For the three months and six months ended April 30, 2018, 47.7% and 37.3%, respectively, of consolidated net sales were attributable to one customer.

The Company has a single reportable segment for purposes of segment reporting.