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Segment Information
 12 Months Ended
Feb. 28, 2017
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. Segment information is as follows:

 

   Fiscal Year Ended February 28, 2017   Fiscal Year Ended February 29, 2016 
   Ultrasonic Spraying   Rental
Real Estate Operations		   Eliminations   Consolidated   Ultrasonic Spraying   Rental
Real Estate Operations		   Eliminations   Consolidated 
Net Sales  $9,634,956   $285,895   $196,298   $9,724,553   $11,738,982   $291,046   $196,298   $11,833,730 
Rental Expense  $196,298   $—   $(196,298)  $—   $196,298   $—   $(196,298)  $— 
Rental Operations Expense  $—   $85,976        $85,976        $85,887        $85,887 
Depreciation Expense  $354,896   $74,464        $429,360   $392,803   $72,629        $465,432 
Interest Expense  $—   $52,294        $52,294   $83   $58,364        $58,447 
Net Income (Loss)  $218,843   $(123,137)       $95,706   $669,974   $(122,245)       $547,729 
Assets  $8,346,183   $2,389,753        $10,735,936   $8,214,873   $2,454,664        $10,669,537 
Debt  $—   $1,176,348        $1,176,348   $—   $1,319,737        $1,319,737