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Segment Information
 9 Months Ended
Nov. 30, 2015
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, 2015 and 2014, segment information is as follows:

 

   Nine Months Ended November 30, 2015   Three Months Ended November 30, 2015 
   Ultrasonic Spraying   Rental
Real Estate
Operations		   Eliminations   Consolidated   Ultrasonic Spraying   Rental
Real Estate
Operations		   Eliminations   Consolidated 
Net Sales  $8,819,278   $217,972   $147,223   $8,890,027   $3,008,458   $73,073   $49,074   $3,032,457 
Rental Expense  $147,223   $120,779   $(147,223)  $120,779   $49,074   $42,447   $(49,074)  $42,447 
Interest Expense  $75   $44,320        $44,395   $—   $14,331        $14,331 
Net Income (Loss)  $635,526   ($94,350)       $541,176   $271,220   ($27,655)       $243,565 
Assets  $8,369,038   $2,464,560        $10,833,598   $8,369,038   $2,464,560        $10,833,598 
Debt  $—   $1,354,570        $1,354,570   $—   $1,354,570        $1,354,570 

 

   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)  $482,825   ($98,725)       $384,100   $230,087   ($27,655)       $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