XML 40 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information
 3 Months Ended
Nov. 30, 2013
Notes to Financial Statements  
Segment Information

NOTE 8: SEGMENT INFORMATION

 

The Company operates in two segments: ultrasonic spraying systems and rental real estate operations.

 

All inter-company transactions are eliminated in consolidation. For the nine and three months ended November 30, 2013 and 2012, segment information is as follows:

 

   Nine Months Ended November 30, 2013  Three Months Ended November 30, 2013
   Ultrasonic
Spraying		  Rental
Real Estate Operations		  Eliminations  Consolidated  Ultrasonic
Spraying		  Rental
Real Estate Operations		  Eliminations  Consolidated
Net Sales  $7,504,082   $159,721   $101,805   $7,561,998   $2,631,475   $52,685   $33,935   $2,650,225 
Rental Expense  $101,805   $118,890   $(101,805)  $118,890   $33,935   $48,791   $(33,935)  $48,791 
Interest Expense  $1,927   $80,469        $82,396   $556   $26,596        $27,152 
Net Income (Loss)  $390,062   $(39,638)       $350,424   $193,949   $(22,702)       $171,247 
Assets  $7,617,337   $2,460,816        $10,078,153   $7,617,337   $2,460,816        $10,078,153 
Debt  $96,143   $1,923,075        $2,019,218   $96,143   $1,923,075        $2,019,218 

 

   Nine Months Ended November 30, 2012  Three Months Ended November 30, 2012
   Ultrasonic
Spraying		  Rental
Real Estate
Operations		  Eliminations  Consolidated  Ultrasonic
Spraying		  Rental
Real Estate
Operations		  Eliminations  Consolidated
Net Sales  $7,393,470   $141,550   $101,805   $7,433,215   $2,191,956   $44,385   $33,935   $2,202,406 
Rental Expense  $101,805   $86,437   $(101,805)  $86,437   $33,935   $28,807   $(33,935)  $28,807 
Interest Expense  $2,897   $83,115        $86,012   $874   $27,490        $28,364 
Net Income (Loss)  $124,103   $(28,002)       $96,101   $37,177   $(11,912)       $25,265 
Assets  $6,839,711   $2,482,727        $9,322,438   $6,839,711   $2,482,727        $9,322,438 
Debt  $155,400   $1,988,683        $2,144,083   $155,400   $1,988,683        $2,144,083