CONCENTRATIONS AND ECONOMIC DEPENDENCE
|12 Months Ended|
Aug. 31, 2012
|CONCENTRATIONS AND ECONOMIC DEPENDENCE [Text Block]||
10. CONCENTRATIONS AND ECONOMIC DEPENDENCE
The Company operates solely in the digital media software segment and all revenue from its products and services are made in this segment.
Revenue from external customers, by product and location of customer, is as follows:
*Of this total, $1,461,375 (2011: $1,265,617) was derived from the United Kingdom during the year ended August 31, 2012.
During the year ended August 31, 2012, three customers represented 64% of the total revenue balance [2011 - three customers represented 64%].
As at August 31, 2012, two customers represented $296,295 (68%) of the trade receivables balance [2012 – two customers represented 56%].
The Company has substantially all its assets in Canada and its current and planned future operations are, and will be, located in Canada.
The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.
Reference 1: http://www.xbrl.org/2003/role/presentationRef