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Significant Customers and Foreign Sales

12 Months Ended

Feb. 29, 2020

Segment Reporting [Abstract]

Significant Customers and Foreign Sales

NOTE 16: SIGNIFICANT CUSTOMERS AND FOREIGN SALES

Export sales to customers located outside the United States and Canada were approximately as follows:

		February 29, 2020				February 28, 2019
Asia Pacific (APAC)			4,817,000				3,659,000
Europe, Middle East, Asia (EMEA)			4,512,000				2,729,000
Latin America			1,520,000				1,172,000
		$	10,849,000			$	7,560,000

During fiscal 2020 and fiscal 2019, sales to foreign customers accounted for approximately $10,849,000 and $7,560,000, or 71% and 65% respectively, of total revenues.

Three customers accounted for 30% of sales during fiscal 2020.

One customer accounted for 14% of the Company’s sales for fiscal 2019.

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- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-URI http://asc.fasb.org/topic&trid=2134479

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- References

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