CONCENTRATIONS AND ECONOMIC DEPENDENCE |
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Geographic Areas, Revenues from External Customers [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CONCENTRATIONS AND ECONOMIC DEPENDENCE [Text Block] | 10. CONCENTRATIONS AND ECONOMIC DEPENDENCE The Company operates solely in the digital media software segment and all revenue from its products and services are made in this segment. Revenue from external customers, by product and location of customer, is as follows:
Revenue in the above table is based on location of the customer's billing address. Some of these customers have distribution centers located around the globe and distribute around the world. During the year ended August 31, 2020, the Company generated 42% of total revenue from one customer [2019 - 41%]. It is in management’s opinion that the Company is not exposed to significant credit risk. As at August 31, 2020, 2 customers represented $275,620 (65%) of the trade receivables balance [2019 – two customers represented $233,549 (70%)]. The Company has substantially all its assets in Canada and its current and planned future operations are, and will be, located in Canada. |