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Segment Information

6 Months Ended

Aug. 31, 2017

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 six and three months ended August 31, 2017 and 2016, segment information is as follows:

		Six Months Ended August 31, 2017																Three Months Ended August 31, 2017
		Ultrasonic Spraying				Rental Real Estate Operations				Eliminations				Consolidated				Ultrasonic Spraying				Rental Real Estate Operations				Eliminations				Consolidated
Net Sales		$	5,154,430			$	130,349			$	98,149			$	5,186,630			$	2,653,695			$	69,875			$	49,074			$	2,674,496
Rental Expense		$	98,149			$	—			$	(98,149	)		$	—			$	49,074			$	—			$	(49,074	)		$	—
Rental Operations Expense		$	—			$	39,056							$	39,056			$	—			$	17,660							$	17,660
Depreciation Expense		$	165,463			$	35,313							$	200,776			$	81,357			$	17,611							$	98,968
Interest Expense		$	—			$	24,031							$	24,031			$	—			$	11,818							$	11,818
Net Income (Loss)		$	136,714			$	(66,200	)						$	70,514			$	80,935			$	(26,290	)						$	54,645
Assets		$	9,185,671			$	2,379,181							$	11,564,852			$	9,185,671			$	2,379,181							$	11,564,852
Debt		$	—			$	1,102,089							$	1,102,089			$	—			$	1,102,089							$	1,102,089

		Six Months Ended August 31, 2016																Three Months Ended August 31, 2016
		Ultrasonic Spraying				Rental Real Estate Operations				Eliminations				Consolidated				Ultrasonic Spraying				Rental Real Estate Operations				Eliminations				Consolidated
Net Sales		$	4,502,365			$	146,447			$	98,149			$	4,550,663			$	2,286,153			$	73,372			$	49,074			$	2,310,451
Rental Expense		$	98,149			$	—			$	(98,149	)		$	—			$	49,074			$	—			$	(49,074	)		$	—
Rental Operations Expense		$	—			$	45,331							$	45,331			$	—			$	20,408							$	20,408
Depreciation Expense		$	197,744			$	36,240							$	233,984			$	103,866			$	18,046							$	121,912
Interest Expense		$	—			$	27,113							$	27,113			$	—			$	13,367							$	13,367
Net Income (Loss)		$	26,503			$	(60,385	)						$	(33,882	)		$	(62,150	)		$	(27,523	)						$	(89,673	)
Assets		$	8,156,775			$	2,424,489							$	10,581,264			$	8,156,775			$	2,424,489							$	10,581,264
Debt		$	—			$	1,248,650							$	1,248,650			$	—			$	1,248,650							$	1,248,650

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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