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4. Customer Concentrations and Accounts Receivable
Sales to Pumps and Service Company (“Pumps and Service”), one of the Company’s domestic distributors, Banking Production Centre (“BPC”), one of the Company’s Russian distributors, and Regatta Solutions, Inc., one of the Company’s domestic distributors, accounted for 33%, 19% and 10%, respectively, of revenue for the first quarter of Fiscal 2013. Sales to BPC and E—Finity Distributed Generation, LLC, one of the Company’s domestic distributors, accounted for 22% and 11%, respectively, of revenue for the first quarter of Fiscal 2012.
Additionally, BPC, Pumps and Service, and Regatta Solutions, Inc., accounted for 34%, 21% and 10%, respectively, of net accounts receivable as of June 30, 2012. BPC accounted for 44% of net accounts receivable as of March 31, 2012.
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