|
Note 7 - Significant Customers
|
6 Months Ended |
|---|---|
|
Feb. 28, 2013
|
|
| Concentration Risk Disclosure [Text Block] |
NOTE
7 – SIGNIFICANT CUSTOMERS
The
Company sells wholesale water and wastewater services to the
District pursuant to the Rangeview Water Agreements (defined
in Note 4 – Water
Assets to the 2012 Annual Report). Sales to the
District accounted for 24% and 93% of the Company’s
total water and wastewater revenues for the three months
ended February 28, 2013 and February 29, 2012, respectively.
Sales to the District accounted for 45% and 91% of the
Company’s water and wastewater revenues for the six
months ended February 28, 2013 and February 29, 2012,
respectively. The District had one significant customer.
Pursuant to the Rangeview Water Agreements the Company is
providing water and wastewater services to this customer on
behalf of the District. The District’s significant
customer accounted for 24% and 80% of the Company’s
total water and wastewater revenues for the three months
ended February 28, 2013 and February 29, 2012, respectively.
The District’s significant customer accounted for 37%
and 71% of the Company’s water and wastewater revenues
for the six months ended February 28, 2013 and February 29,
2012, respectively.
Revenues
from another customer represented approximately 71% and 50%
of the Company’s water and wastewater revenues for the
three and six months ended February 28, 2013, respectively.
The other customer had no revenues for the three and six
months ended February 29, 2012.
The
Company had accounts receivable from the District which
accounted for 10% and 16% of the Company’s trade
receivables balances at February 28, 2013 and August 31,
2012, respectively. Accounts receivable from the
District’s largest customer accounted for 9% and 13% of
the Company’s trade receivables as of February 28, 2013
and August 31, 2012, respectively.
|