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Segment Information
 9 Months Ended
Nov. 30, 2016
Notes to Financial Statements  
Segment Information

NOTE 10: 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, 2016 and 2015, segment information is as follows:

 

   Nine Months Ended November 30, 2016  Three Months Ended November 30, 2016
   Ultrasonic
Spraying		  Rental Real Estate Operations  Eliminations  Consolidated  Ultrasonic
Spraying		  Rental Real Estate Operations  Eliminations  Consolidated
Net Sales  $7,077,318   $219,671   $147,223   $7,149,766   $2,574,954   $73,224   $49,074   $2,599,104 
Rental Expense  $147,223   $63,292   $(147,223)  $63,292   $49,074   $17,961   $(49,074)  $17,961 
Depreciation Expense  $311,354   $54,286        $365,640   $109,491   $18,046        $127,537 
Interest Expense  $—     $39,960        $39,960   $—     $12,848        $12,848 
Net Income (Loss)  $113,550   $(85,090)       $28,460   $87,047   $(24,705)       $62,342 
Assets  $8,397,682   $2,414,558        $10,812,240   $8,397,682   $2,414,558        $10,812,240 
Debt  $—     $1,212,692        $1,212,692   $—     $1,212,692        $1,212,692 

 

   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   $66,344   $(147,223)  $66,344   $49,074   $24,253   $(49,074)  $24,253 
Depreciation Expense  $286,907   $54,435        $341,342   $108,477   $18,194        $126,971 
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