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Segment Information
 12 Months Ended
Feb. 28, 2013
Notes to Financial Statements  
Segment Information

NOTE 3: SEGMENT INFORMATION

 

The Company operates in two segments: ultrasonic spray coating systems, which is the business of developing, manufacturing, selling, installing and servicing ultrasonic spray coating equipment; and real estate operations, which is the business of owning and operating the Sono-Tek Industrial Park.

 

All inter-company transactions are eliminated in consolidation. For the twelve months ended February 28, 2013 and February 29, 2012, segment information is as follows:

 

   Twelve Months Ended February 28, 2013   Twelve Months Ended February 29, 2012 
   Ultrasonic   Rental Real
Estate		           Ultrasonic   Rental Real
Estate		         
   Spraying   Operations   Eliminations   Consolidated   Spraying   Operations   Eliminations   Consolidated 
Net Sales  $9,490,564   $187,531   $135,741   $9,542,354   $11,966,516   $222,116   $135,739   $12,052,893 
Rental Expense  $135,741   $118,559   ($135,741)  $118,559   $135,739   $128,582   ($135,739)  $128,582 
Interest Expense  $3,546   $110,385        $113,931   $4,368   $113,747        $118,115 
Net Income (Loss)  $173,664   ($41,413)       $132,251   $1,452,506   ($20,213)       $1,432,293 
Assets  $6,574,429   $2,492,015        $9,066,444   $6,862,717   $2,529,389        $9,392,106 
Debt  $140,619   $1,972,616        $2,113,235   $198,920   $2,035,579        $2,234,499