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Business and Credit Concentrations
3 Months Ended
Sep. 30, 2020
Business and Credit Concentrations  
Business and Credit Concentrations

NOTE 3 - Business and Credit Concentrations

An entity is more vulnerable to concentrations of credit risk if it is exposed to risk of loss greater than it would have had if it mitigated its risk through diversification of customers. Such risks of loss manifest themselves differently, depending on the nature of the concentration, and vary in significance. The Company had one customer with an accounts receivable balance that comprised 11% and 24% of the Company’s accounts receivable at September 30, 2020 and June 30, 2020, respectively. Sales to this customer did not exceed 10% of net sales in the three months ended September 30, 2020. Sales to this customer comprised 13% of net sales during the three months ended September 30, 2019. The Company had another customer with an accounts receivable balance that comprised 12% of the Company’s accounts receivable at September 30, 2020. The customer’s accounts receivable balance did not exceed 10% of accounts receivable at June 30, 2020. Sales to this customer did not exceed 10% of net sales in either of the three months ended September 30, 2020 and 2019. The Company had another customer with an accounts receivable balance that comprised 11% of the Company's accounts receivable at September 30, 2020. The customer's accounts receivable balance did not exceed 10% of accounts receivable at June 30, 2020. Sales to this customer did not exceed 10% of net sales in either of the three months ended September 30, 2020 and 2019.