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Note 6 - Major Customers
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12 Months Ended |
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Jun. 30, 2012
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| Concentration Risk Disclosure [Text Block] |
NOTE
6 – MAJOR
CUSTOMERS
During
fiscal year ended June 30, 2012, there was no single
customer who represented 10% or more of the
Company’s total revenue.
The
Company is a strategic business partner for Daimler
Financial Services (which consists of a group of many
companies in different countries), which accounts for
approximately 19.72% and 20.58% of revenue, Toyota Motors
(which consists of a group of many companies in different
countries) accounts for approximately 2.62% and 5.40% of
revenue, and Nissan (which consists of a group of many
companies in different countries) accounts for
approximately 7.31% and 4.10% of revenue for the fiscal
year ended June 30, 2012 and 2011, respectively. Accounts
receivable at June 30, 2012 for these companies were
$4,016,335, $257,867 and $918,333, respectively. Accounts
receivable at June 30, 2011 for these companies were
$1,526,762, $1,080,318 and $820,206.
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- Definition
The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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