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Note 5 - Major Customers
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12 Months Ended |
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Jun. 30, 2014
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| Risks and Uncertainties [Abstract] | |
| Concentration Risk Disclosure [Text Block] |
NOTE 5 – MAJOR CUSTOMERS
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 17.42% and 21.86% of revenue, Toyota Motors (which consists of a group of many companies in different countries) accounts for approximately 7.24% and 3.47% of revenue, Nissan (which consists of a group of many companies in different countries) accounts for approximately 6.30% and 6.23% of revenue and The Innovation Group accounts for approximately 13.66% and 6.91% of revenue for the fiscal years ended June 30, 2014 and 2013, respectively. Accounts receivable at June 30, 2014 for these companies were $1,900,270, 703,036, $247,372 and $2,232,610, respectively. Accounts receivable at June 30, 2013 for these companies were $2,382,837, $388,759,
$1,040,248, and 1,922,837 respectively.
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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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- Details
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