Huayue Electronics, Inc. - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - October 24, 2011
Major Customers and Suppliers | 3 Months Ended |
|---|---|
Aug. 31, 2011 | |
| Risks and Uncertainties | |
| Concentration Risk Disclosure [Text Block] | NOTE 13 - MAJOR CUSTOMERS AND SUPPLIERS Five major customers accounted for approximately 13.5% of the net revenue for the quarter ended August 31, 2011, with each customer individually accounting for from 2% to 4% of the net revenue. At August 31, 2011, the total receivable balance due from these five customers was $329,408, representing 13% of total accounts receivable. Five major vendors provided approximately 10.7% of the Company’s purchases of raw materials for the period ended August 31, 2011, with each vendor individually accounting for from 2% to 4% of the total purchase. The advance to one of the vendors was in the amount of $559,947 at August 31, 2011. Five vendors provided 32.2% of the Company’s purchase of raw materials for the quarter ended August 31, 2010. The Company’s advance to one of these vendors was $772,794 at August 31, 2010. |
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