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Segment Information
 9 Months Ended
Nov. 30, 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 nine and three months ended November 30, 2014 and 2013, segment information is as follows:

 

   Nine Months Ended November 30, 2014   Three Months Ended November 30, 2014 
   Ultrasonic Spraying   Rental
Real Estate Operations		   Eliminations   Consolidated   Ultrasonic Spraying   Rental
Real Estate Operations		   Eliminations   Consolidated 
Net Sales  $7,838,982   $214,573   $147,223   $7,906,332   $2,827,606   $73,374   $49,074   $2,851,906 
Rental Expense  $147,223   $118,011   $(147,223)  $118,011   $49,074   $36,437   $(49,074)  $36,437 
Interest Expense  $1,071   $48,064        $49,135   $236   $15,518        $15,754 
Net Income (Loss)  $335,602   $48,498        $384,100   $232,177   $(29,774)       $202,432 
Assets  $7,871,820   $2,535,792        $10,407,612   $7,871,820   $2,535,792        $10,407,612 
Debt  $35,849   $1,490,763        $1,526,612   $35,849   $1,490,763        $1,526,612 

 

   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