Quarterly report pursuant to Section 13 or 15(d)

CONCENTRATIONS

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CONCENTRATIONS
6 Months Ended
Oct. 31, 2015
Risks and Uncertainties [Abstract]  
CONCENTRATIONS
NOTE 4 - CONCENTRATIONS
 
Accounts Receivable
 
As of October 31, 2015, two customers comprise 27% and 20% of the Company’s total accounts receivable. Also included in the accounts receivable is retainage receivable of $1,243,000 and $1,119,000 at October 31, 2015 and April 30, 2015, respectively, and both the retainer and aged accounts receivable are expected to be collected.
 
Revenue Recognition
 
For the three months ended October 31, 2015, 25% was derived from one customer as compared to one customer who generated 67% of the revenue for the same period in 2014. For the six months ended October 31, 2015, 23% and 11% was derived from two customers as compared to one customer who generated 59% of the revenue for the same period in 2014.