Dependence Upon Single Customers
Ten percent (10%) or more of our consolidated product sales were derived from shipments to the following customers for the fiscal years ended May 31 as follows:
| |
2007 |
2006 |
2005 |
AMD License |
----- |
----- |
$2,956,250 |
Space and Naval Warfare Systems |
----- |
$262,500 |
----- |
Anixter |
$461,494 |
----- |
----- |
We had no backlog orders as of May 31, 2007, 2006 or 2005.
Most of our net income for the years ended May 31, 2007 and 2006, was attributable to our equity in the earnings of our unconsolidated affiliate, Phoenix Digital Solutions, LLC.
