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Segment Information
 12 Months Ended
Feb. 28, 2015
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, 2015 and 2014, segment information is as follows:

 

   Twelve Months Ended February 28, 2015   Twelve Months Ended February 28, 2014 
   Ultrasonic Spraying   Rental
Real Estate Operations		   Eliminations   Consolidated   Ultrasonic Spraying   Rental
Real Estate Operations		   Eliminations   Consolidated 
Net Sales  $10,757,825   $287,948   $196,298   $10,849,475   $10,202,273   $217,453   $140,788   $10,278,938 
Rental Expense  $196,298   $162,522   $(196,298)  $162,522   $140,788   $154,792   $(140,788)  $154,792 
Interest Expense  $1,223   $63,304        $64,527   $2,411   $107,740        $110,151 
Net Income (Loss)  $544,011   $62,122        $606,133   $529,553   $(45,079)       $484,474 
Assets  $8,076,726   $2,513,924        $10,590,650   $7,268,871   $2,510,290        $9,779,161 
Debt  $20,542   $1,457,379        $1,477,922   $81,165   $1,589,360        $1,670,525