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CUSTOMER CONCENTRATIONS
3 Months Ended
Apr. 30, 2021
CUSTOMER CONCENTRATIONS  
CUSTOMER CONCENTRATIONS

NOTE 13 – CUSTOMER CONCENTRATIONS

The majority of the Company’s consolidated revenues relate to performance by the power industry services segment which provided 77% and 81% of consolidated revenues for the three months ended April 30, 2021 and 2020, respectively. The industrial services segment represented 21% and 16% of consolidated revenues for the three months ended April 30, 2021 and 2020, respectively.

The Company’s most significant customer relationships for the three months ended April 30, 2021 included one power industry service customer, which accounted for 68% of consolidated revenues. The Company’s most significant customer relationships for the three months ended April 30, 2020 included two power industry service customers, which accounted for 61% and 17% of consolidated revenues, respectively.

The accounts receivable balances from two major customers each represented 23% of the corresponding consolidated balance as of April 30, 2021. Accounts receivable balances from three major customers represented 26%, 11% and 11% of the corresponding consolidated balance as of January 31, 2021. The contract asset balance from one major customer represented 65% of the corresponding consolidated balance as of April 30, 2021. Contract asset balances from two major customers represented 64% and 12% of the corresponding consolidated balance as of January 31, 2021.