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Our principle customer is Mayo; they contribute to 95% of our sales. They are # 1 in Canada, and have stores in the U.S and Mexico.
Gartner is our main supplier of wood working process, testing equipment, fabric and accessories. We depend on them for 70% of our raw materials.
Lawrence Sports contributes to 75% of Murray's sales. They supply us with semi-leather products.
Our line of credit is $1.2 million, but the interest increase with our increase in borrowing. We also have to keep a minimum cash of $50,000.
During the period of March 31- April 26 there is no invoices coming in from Mayo, this literally means Lawrence Sports has no money coming in...
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