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Segment Information
 6 Months Ended
Aug. 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 six and three months ended August 31, 2014 and 2013, segment information is as follows:

 

   Six Months Ended August 31, 2014  Three Months Ended August 31, 2014
   Ultrasonic
Spraying		  Rental Real
Estate
Operations		  Eliminations  Consolidated  Ultrasonic
Spraying		  Rental Real
Estate
Operations		  Eliminations  Consolidated
Net Sales  $5,011,376   $141,199   $98,149   $5,054,426   $2,609,427   $73,374   $49,074   $2,633,727 
Rental Expense  $98,149   $81,574   $(98,149)  $81,574   $49,074   $42,414   $(49,074)  $42,414 
Interest Expense  $833   $31,477        $32,310   $472   $15,803        $16,275 
Net Income (Loss)  $154,352   $27,315        $181,667   $100,339   $14,685        $115,024 
Assets  $7,472,177   $2,475,802        $9,947,979   $7,472,177   $2,475,802        $9,947,979 
Debt  $51,073   $1,523,793        $1,574,866   $51,073   $1,523,793        $1,574,866 

 

   Six Months Ended August 31, 2013  Three Months Ended August 31, 2013
   Ultrasonic
Spraying		  Rental Real
Estate
Operations		  Eliminations  Consolidated  Ultrasonic
Spraying		  Rental Real
Estate
Operations		  Eliminations  Consolidated
Net Sales  $4,872,607   $107,036   $67,871   $4,911,772   $2,518,628   $52,685   $33,935   $2,537,378 
Rental Expense  $67,871   $70,099   $(67,871)  $70,099   $33,935   $35,618   $(33,935)  $35,618 
Interest Expense  $1,371   $53,873        $55,244   $825   $26,824        $27,649 
Net Income (Loss)  $196,113   ($16,936)       $179,177   $149,120   ($43,691)       $105,429 
Assets  $7,514,178   $2,460,516        $9,974,694   $7,514,178   $2,460,516        $9,974,694 
Debt  $111,041   $1,939,815        $2,050,856   $111,041   $1,939,815        $2,050,856