CUSTOMER CONCENTRATIONS	9 Months Ended
Oct. 31, 2022
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 80% of consolidated revenues for the three months ended October 31, 2022 and 2021, respectively, and 76% and 77% of consolidated revenues for the nine months ended October 31, 2022 and 2021, respectively. The industrial services segment represented 20% and 17% of consolidated revenues for the three months ended October 31, 2022 and 2021, respectively, and 20% of consolidated revenues for both the nine months ended October 31, 2022 and 2021, respectively. The Company’s most significant customer relationships for the three months ended October 31, 2022 included four power industry service customers, which accounted for 33%, 12%, 12% and 12% of consolidated revenues, respectively. The Company’s most significant customer relationship for the three months ended October 31, 2021 included one power industry service customer, which accounted for 56% of consolidated revenues. The Company’s most significant customer relationship for the nine months ended October 31, 2022 included one power industry service customer, which accounted for 42% of consolidated revenues. The Company’s most significant customer relationships for the nine months ended October 31, 2021 included one power industry service customer and one industrial services customer, which accounted for 61% and 11% of consolidated revenues, respectively. The accounts receivable balances from two major customers represented 35% and 13% of the corresponding consolidated balance as of October 31, 2022. Accounts receivable balances from three major customers represented 22%, 15% and 12% of the corresponding consolidated balance as of January 31, 2022. The contract asset balance related to one major customer represented 19% of the corresponding consolidated balance as of October 31, 2022. Contract asset balances from two major customers represented 31% and 13% of the corresponding consolidated balance as of January 31, 2022.

CUSTOMER CONCENTRATIONS

9 Months Ended

Oct. 31, 2022

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 80% of consolidated revenues for the three months ended October 31, 2022 and 2021, respectively, and 76% and 77% of consolidated revenues for the nine months ended October 31, 2022 and 2021, respectively. The industrial services segment represented 20% and 17% of consolidated revenues for the three months ended October 31, 2022 and 2021, respectively, and 20% of consolidated revenues for both the nine months ended October 31, 2022 and 2021, respectively.

The Company’s most significant customer relationships for the three months ended October 31, 2022 included four power industry service customers, which accounted for 33%, 12%, 12% and 12% of consolidated revenues, respectively. The Company’s most significant customer relationship for the three months ended October 31, 2021 included one power industry service customer, which accounted for 56% of consolidated revenues. The Company’s most significant customer relationship for the nine months ended October 31, 2022 included one power industry service customer, which accounted for 42% of consolidated revenues. The Company’s most significant customer relationships for the nine months ended October 31, 2021 included one power industry service customer and one industrial services customer, which accounted for 61% and 11% of consolidated revenues, respectively.

The accounts receivable balances from two major customers represented 35% and 13% of the corresponding consolidated balance as of October 31, 2022. Accounts receivable balances from three major customers represented 22%, 15% and 12% of the corresponding consolidated balance as of January 31, 2022. The contract asset balance related to one major customer represented 19% of the corresponding consolidated balance as of October 31, 2022. Contract asset balances from two major customers represented 31% and 13% of the corresponding consolidated balance as of January 31, 2022.