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Segment Information
 3 Months Ended
May 31, 2014
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, 2014 and 2013, segment information is as follows:

 

   Three Months Ended May 31, 2014   Three Months Ended May 31, 2013 
   Ultrasonic
Spraying		   Rental
Real Estate
Operations		   Eliminations   Consolidated   Ultrasonic
Spraying		   Rental
Real Estate
Operations		   Eliminations   Consolidated 
Net Sales  $2,401,949   $67,824   $49,074   $2,420,699   $2,353,979   $54,350   $33,935   $2,374,394 
Rental Expense  $49,074   $39,159   $(49,074)  $39,159   $33,935   $34,482   $(33,935)  $34,482 
Interest Expense  $394   $16,035        $16,429   $726   $27,049        $27,775 
Net Income (Loss)  $54,012   $12,630        $66,642   $80,928   $(7,180)       $73,748 
Assets  $6,876,160   $2,489,912        $9,366,072   $6,821,131   $2,478,605        $9,299,736 
Debt  $66,091   $1,556,475        $1,622,566   $125,858   $1,956,328        $2,082,186