CUSTOMER CONCENTRATIONS

6 Months Ended

Jul. 31, 2019

CUSTOMER CONCENTRATIONS

CUSTOMER CONCENTRATIONS

NOTE 13 – CUSTOMER CONCENTRATIONS

Historically, the majority of the Company’s consolidated revenues has related to performance by the power industry services segment which provided 44% and 77% of consolidated revenues for the three months ended July 31, 2019 and 2018, respectively, and 43% and 82% of consolidated revenues for the six months ended July 31, 2019 and 2018. The industrial services reporting segment represented 53% and 21% of consolidated revenues for the three months ended July 31, 2019 and 2018, respectively, and 54% and 16% of consolidated revenues for the six months ended July 31, 2019 and 2018, respectively.

The Company’s most significant customer relationships for the three months ended July 31, 2019 included one power industry service customer and one industrial services customer which accounted for approximately 23% and 11% of consolidated revenues, respectively. The Company’s most significant customer relationships for the three months ended July 31, 2018 included four power industry service customers which accounted for approximately 18%,  16%,  11% and 10% of consolidated revenues, respectively. The Company's most significant customer relationships for the six months ended July 31, 2019 included two power industry service customers which accounted for approximately 12% and 10% of consolidated revenues , respectively. The Company's most significant customer relationships for the six months ended July 31, 2018 included three power industry service customers which accounted for approximately 20%,  14%, and 13% of consolidated revenues, respectively.

The accounts receivable balance from one customer represented 16% of the corresponding consolidated balance as of July 31, 2019. Accounts receivable balances from two customers represented 25% and 15% of the corresponding consolidated balance as of January 31, 2019.