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CONCENTRATION OF RISK
3 Months Ended
May 31, 2017
Risks and Uncertainties [Abstract]  
CONCENTRATION OF RISK

NOTE 10 – CONCENTRATION OF RISK

One customer in the heavy equipment industry accounted for 11% of consolidated revenue for the three months ended May 31, 2017, and 13% and 12% of consolidated accounts receivable at May 31, 2017 and February 28, 2017, respectively.

The Company has contract manufacturing arrangements with electronic manufacturing service providers for Mobile Resource Management (“MRM”), network and LoJack SVR products, transmission towers, and certain components and subassemblies. One supplier accounted for 28% and 47% of the Company’s total inventory purchases in the three months ended May 31, 2017 and 2016, respectively. As of May 31, 2017, this supplier accounted for 36% of the Company’s total accounts payable. Another supplier accounted for 16% and 9% of the Company’s total inventory purchases in the three months ended May 31 2017 and 2016, respectively, and 19% of the Company’s total accounts payable as of May 31, 2017. Some of the Company’s products and subassemblies are purchased from sole source suppliers.