Note 18 - Major Customers, Suppliers and Related Information

12 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

18.

MAJOR CUSTOMERS, SUPPLIERS AND RELATED INFORMATION

Major Customers

For the fiscal year ended

September 30, 2019,

revenues from

two

customers accounted for

37%

and

10%

of total revenues with

no

other single customer accounting for more than

10%

of total revenues. For the fiscal year ended

September 

30,

2018,

revenues from

one

customer accounted for

20%

of total revenues with

no

other single customer accounting for more than

10%

of total revenues.

The following table summarizes revenues by geographic region. Revenues are attributed to countries based on customer’s delivery location.

	Years ended September 30,
	2019		2018
Americas	$	27,981,225	$	16,488,624
Europe, Middle East, and Africa		2,420,106		3,238,533
Asia Pacific		6,577,724		6,579,633
	$	36,979,055	$	26,306,790

Suppliers

The Company has a large number of components and sub-assemblies produced by outside suppliers, some of which are sourced from a single supplier, which can magnify the risk of shortages and decrease the Company’s ability to negotiate with suppliers on the basis of price. In particular, the Company depends on

one

supplier of compression drivers for its LRAD products. If supplier shortages occur, or quality problems arise, then production schedules could be significantly delayed or costs significantly increased, which could in turn have a material adverse effect on the Company’s financial condition, results of operation and cash flows.