Note 10 - Concentrations |
6 Months Ended |
|---|---|
Dec. 31, 2016 | |
| Notes to Financial Statements | |
| Concentration Risk Disclosure [Text Block] |
NOTE 10 - CONCENTRATIONSCredit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of temporary cash investments and unsecured trade accounts receivable. The Company maintains cash balances at a financial institution in San Diego, California. Our cash balance at this institution is secured by the Federal Deposit Insurance Corporation up to $250,000. As of December 31, 2016, cash totaled approximately $72,000, which consists of funds held in a non-interest bearing bank deposit account. The Company has not experienced any losses in such accounts. Management believes that the Company is not exposed to any significant credit risk with respect to its cash.Customer Concentrations During the three months ended December 31, 2016, we had two major customers that each represented more than 10% of our revenues on an individual basis, or approximately 78% in the aggregate. During the six months ended December 31, 2016, we had three major customers that each represented more than 10% of our revenues on an individual basis, or approximately 67% in the aggregate.During the three and six months ended December 31, 2015, we had
two 10% of our revenues on an individual basis and approximately 66% and 64%, respectively, in the aggregate.
Suppliers/Vendor Concentrations We obtain a limited number of components and supplies included in our products from a small group of suppliers. During the three and six months ended December 31, 2016 we had
three 10% of our total inventory purchases on an individual basis or approximately 59% and 63%, respectively, in the aggregate.During the
three and six months ended December 31, 2015, we had
three 10% of our total inventory purchases on an individual basis and approximately 72% and 64%, respectively, in the aggregate. |