CONCENTRATION OF CREDIT RISK	9 Months Ended
Jun. 30, 2023
CONCENTRATION OF CREDIT RISK
CONCENTRATION OF CREDIT RISK	NOTE 7 – CONCENTRATION OF CREDIT RISK The Company maintains cash balances in several financial institutions. Such balances are insured by the Federal Deposit Insurance Corporation (“FDIC”) for up to $250,000 per institution. From time to time, the Company’s balances may exceed these limits. For the nine months ended June 30, 2023, the Company had four major customers, which accounted for 84% of all sales, with one accounting for 28% of all sales. As of June 30, 2023, accounts receivable due from those customers accounted for 65% of accounts receivable, with 26% of accounts receivable from one customer. For the nine months ended June 30, 2022, three major customers accounted for 71% of all sales. As of June 30, 2022, accounts receivable due from those customers accounted for 60% of accounts receivable, including 22% of accounts receivable from one customer. The Company had four major customers, which accounted for 84% of all sales, with the customer with the most sales accounting for 27% of all sales, for the three months ended June 30, 2023. Accounts receivable due from those customers accounted for 65% of accounts receivable, with the highest concentrated accounting for 26% of accounts receivable, as of June 30, 2023. For the three months June 30, 2022, four major customers accounted for 79% of all sales. Accounts receivable due from those customers accounted for 38% of accounts receivable, with the highest concentrated accounting for 14% of accounts receivable, as of June 30, 2022.

CONCENTRATION OF CREDIT RISK

9 Months Ended

Jun. 30, 2023

NOTE 7 – CONCENTRATION OF CREDIT RISK

The Company maintains cash balances in several financial institutions. Such balances are insured by the Federal Deposit Insurance Corporation (“FDIC”) for up to $250,000 per institution. From time to time, the Company’s balances may exceed these limits.

For the nine months ended June 30, 2023, the Company had four major customers, which accounted for 84% of all sales, with one accounting for 28% of all sales. As of June 30, 2023, accounts receivable due from those customers accounted for 65% of accounts receivable, with 26% of accounts receivable from one customer. For the nine months ended June 30, 2022, three major customers accounted for 71% of all sales. As of June 30, 2022, accounts receivable due from those customers accounted for 60% of accounts receivable, including 22% of accounts receivable from one customer.

The Company had four major customers, which accounted for 84% of all sales, with the customer with the most sales accounting for 27% of all sales, for the three months ended June 30, 2023. Accounts receivable due from those customers accounted for 65% of accounts receivable, with the highest concentrated accounting for 26% of accounts receivable, as of June 30, 2023. For the three months June 30, 2022, four major customers accounted for 79% of all sales. Accounts receivable due from those customers accounted for 38% of accounts receivable, with the highest concentrated accounting for 14% of accounts receivable, as of June 30, 2022.

AmeriCrew Inc. 10-Q