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Concentration of Credit Risk
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9 Months Ended |
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Jun. 30, 2011
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| Concentration of Credit Risk |
Note 11: Concentration of Credit Risk
The
Company maintains cash balances at major nationwide institutions in
California and Nevada. Accounts are insured by the
Federal Deposit Insurance Corporation up to $250,000, and bank
balances periodically exceed the FDIC limit. At times,
the Company’s balances may exceed federally insured
limits.
The
Company has concentrations of receivables with respect to certain
wholesale accounts and remaining holdbacks with Local Exchange
Carrier (“LEC”) service providers. Three
such entities accounted for 28%, 25% and 24% of gross receivables
at June 30, 2011 and 27%, 27%, and 16% of gross receivables at
September 30, 2010, respectively.
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