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MAJOR CUSTOMERS
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12 Months Ended | ||
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Feb. 28, 2013
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| MAJOR CUSTOMERS [Abstract] | |||
| MAJOR CUSTOMERS |
For the year ended February 28, 2013, approximately, 27.4% and 12.2% of the Company's revenue were derived from two major customers. At February 28, 2013, accounts receivable due from these customers were $366,890 and $82,368, respectively.
For the year ended February 29, 2012, approximately, 19.2% and 17.6% of the Company's revenue were derived from two major customers. At February 29, 2012, accounts receivable due from these customers were $160,470 and $98,185, respectively.
The largest customer in both years is a medical products and supplies distributor. Although a number of larger FREEDOM60(R) users 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. |
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- Definition
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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