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Segment Information
 3 Months Ended
May 31, 2013
Notes to Financial Statements  
Segment Information

NOTE 8: 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 three months ended May 31, 2013 and 2012, segment information is as follows:

 

  Three Months Ended May 31, 2013   Three Months Ended May 31, 2012
    Rental Real         Rental Real    
  Ultrasonic Estate       Ultrasonic Estate    
  Spraying Operations Eliminations Consolidated   Spraying Operations Eliminations Consolidated
Net Sales $2,353,979 $54,350 $33,935 $2,374,394   $2,818,857 $54,779 $33,934 $2,839,702
Rental Expense $33,935 $34,482 ($33,935) $34,482   $33,934 $29,020 ($33,934) $29,020
Interest Expense $726 $27,049   $27,775   $1,051 $27,919   $28,970
Net Income (Loss) $80,928 ($7,180)   $73,748   $13,260 ($2,160)   $11,100
Assets $6,821,131 $2,478,605   $9,299,736   $6,918,542 $2,513,137   $9,431,679
Debt $125,858 $1,956,328   $2,082,186   $184,477 $2,020,161   $2,204,638