Annual report pursuant to Section 13 and 15(d)

MAJOR CUSTOMERS

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MAJOR CUSTOMERS
 12 Months Ended
Feb. 28, 2015
MAJOR CUSTOMERS [Abstract]  
MAJOR CUSTOMERS

NOTE 10

MAJOR CUSTOMERS

 

For the years ended February 28, 2015, and February 28, 2014, approximately, 52.9% and 39.9%, respectively, of the Company's gross product revenues were derived from one major customer.  At February 28, 2015, and February 28, 2014, accounts receivable due from this customer were $1.0 million and $0.7 million, respectively.

 

The largest customer in both years is a domestic medical products and supplies distributor.  Although a number of larger infusion customers have elected to consolidate their purchases through one or more distributors in recent years, we continue to maintain a strong direct relationship with them.  We do not believe that their continued purchases of FREEDOM60 pumps, tubing, needle sets and related supplies is contingent upon the distributor.