<SEC-DOCUMENT>0001171520-20-000301.txt : 20200715
<SEC-HEADER>0001171520-20-000301.hdr.sgml : 20200715
<ACCEPTANCE-DATETIME>20200715165439
ACCESSION NUMBER:		0001171520-20-000301
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200715
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200715
DATE AS OF CHANGE:		20200715

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONO TEK CORP
		CENTRAL INDEX KEY:			0000806172
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				141568099
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16035
		FILM NUMBER:		201029929

	BUSINESS ADDRESS:	
		STREET 1:		2012 RT 9W BLDG 3
		CITY:			MILTON
		STATE:			NY
		ZIP:			12547
		BUSINESS PHONE:		8457952020

	MAIL ADDRESS:	
		STREET 1:		2012 RT. 9W, BLDG. 3,
		CITY:			MILTON
		STATE:			NY
		ZIP:			12547
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>eps9123.htm
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<P STYLE="font: 12pt Cambria,serif; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 12pt Cambria,serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 12pt Cambria,serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 12pt Cambria,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Cambria,serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 12pt Cambria,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Cambria,serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 11pt Cambria,serif; margin: 0; text-align: center">Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported): <B>July 15,
2020</B></P>

<P STYLE="font: 12pt Cambria,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Cambria,serif; margin: 0; text-align: center"><B><U>Sono-Tek Corporation</U></B></P>

<P STYLE="font: 11pt Cambria,serif; margin: 0; text-align: center">(Exact name of registrant as specified in its charter)</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0; text-align: center">Commission File Number: <B>0-16035</B></P>

<P STYLE="font: 11pt Cambria,serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52%; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Cambria,serif; font-size: 10pt"><B><U>New York</U></B></FONT></TD>
    <TD STYLE="width: 5%; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 43%; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Cambria,serif; font-size: 10pt"><B><U>14-1568099</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Cambria,serif; font-size: 10pt">(State of Incorporation)</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Cambria,serif; font-size: 10pt">(I.R.S. Employer ID No.)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Cambria,serif; font-size: 10pt"><B><U>2012 Route 9W, Milton, New York</U></B></FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Cambria,serif; font-size: 10pt"><B><U>12547</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Cambria,serif; font-size: 10pt">(Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Cambria,serif; font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0; text-align: center">Registrant&rsquo;s telephone number, including area code <B>(845)
795-2020</B></P>

<P STYLE="font: 10pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">Check appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following provisions:</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 12pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; padding-bottom: 6pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: MS Mincho; font-size: 10.5pt">&#9744;</FONT></TD>
    <TD STYLE="width: 95%; padding-bottom: 6pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Cambria,serif; font-size: 10.5pt">Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: MS Mincho; font-size: 10.5pt">&#9744;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Cambria,serif; font-size: 10.5pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: MS Mincho; font-size: 10.5pt">&#9744;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Cambria,serif; font-size: 10.5pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: MS Mincho; font-size: 10.5pt">&#9744;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Cambria,serif; font-size: 10.5pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Cambria,serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">Securities registered pursuant to Section 12(b) of the Act:</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 30%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Cambria,serif; font-size: 9pt"><B><U>Title of each class</U></B></FONT></TD>
    <TD STYLE="width: 13%; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Cambria,serif; font-size: 9pt"><B>Trading</B></FONT><FONT STYLE="font-size: 9pt"><BR>
<FONT STYLE="font-family: Cambria,serif"><B><U>Symbol(s)</U></B></FONT></FONT></TD>
    <TD STYLE="width: 57%; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Cambria,serif; font-size: 9pt"><B><U>Name of each exchange on which registered</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; font-family: Times New Roman,serif"><FONT STYLE="font-size: 11pt">None</FONT></TD>
    <TD STYLE="padding-top: 3pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-size: 11pt">N/A</FONT></TD>
    <TD STYLE="padding-top: 3pt; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-size: 11pt">N/A</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">Indicate by check mark whether the registrant is an emerging growth company as defined
in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0"><FONT STYLE="font-family: Cambria,serif">Emerging growth company </FONT><FONT STYLE="font-family: MS Mincho">&#9744;</FONT></P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0"><FONT STYLE="font-family: Cambria,serif">If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </FONT><FONT STYLE="font-family: MS Mincho">&#9744;</FONT></P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0"><B>Item 2.02: Results of Operations and Financial Condition.</B></P>

<P STYLE="font: 11pt Cambria,serif; margin: 0"><B>Item 7.01: Regulation FD Disclosure</B></P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">On July 15, 2020, Sono-Tek Corporation issued a press release regarding its financial
results for the quarter ended May 31, 2020 in the form attached as exhibit 99.1.</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall
not be deemed &ldquo;filed&rdquo; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange
Act&rdquo;) or otherwise subject to the liabilities under such section and shall not be deemed to be incorporated by reference
into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0"><B>Item 9.01: Financial Statements and Exhibits.</B></P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">(d) Exhibits</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">99.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<A HREF="ex99-1.htm">Press Release dated July 15, 2020</A>.</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0 0 0 45pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 45.8pt">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0; text-align: center">Signatures</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0 0 0 3in; text-align: center; text-indent: 0.5in">SONO-TEK CORPORATION</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0 0 0 3in; text-align: center; text-indent: 0.5in">By: <U>/s/ Stephen J. Bagley</U></P>

<P STYLE="font: 11pt Cambria,serif; margin: 0 0 0 3in; text-align: center; text-indent: 0.5in">Stephen J. Bagley</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0 0 0 3in; text-align: center; text-indent: 0.5in">Chief Financial Officer</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">July 15, 2020</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria,serif; margin: 0; text-align: right"></P>



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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>EARNINGS RELEASE
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<P STYLE="font: 12pt Cambria,serif; margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 12pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria,serif; margin: 0">FOR IMMEDIATE RELEASE</P>

<P STYLE="font: 16pt Cambria,serif; margin: 12pt 0 6pt; text-align: center"><B>Sono-Tek Sales Grew 22% to $3.43 million<BR>
in First Quarter Fiscal 2021</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 4pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Cambria,serif">Strong backlog of $3,202,000</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 4pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Cambria,serif">Achieved net income of $168,000, up 572%</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 4pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Cambria,serif">Company expects second quarter revenues to increase over last year</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Cambria,serif; margin: 10pt 0 0">MILTON, N.Y., July 15, 2020 &ndash; Sono-Tek Corporation (OTCQX: SOTK), the
leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its first quarter of fiscal
year 2021, ended May 31, 2020.</P>

<P STYLE="font: 12pt Cambria,serif; margin: 6pt 0.7pt 6pt 0">&ldquo;In the first quarter of FY2021, we achieved our forecasted
20% plus revenue growth, along with a significant improvement in the bottom line. More importantly, we continued to invest in upfront
resources in Engineering and Application Engineering. Application Engineering especially has become an essential element in our
growth strategy of pursuing larger, more complex ultrasonic coating systems. These orders increase our average revenue per order
and provide for longer delivery times compared to our more typical orders. We were pleased to be able to quickly shift our customers&rsquo;
work with our Application Engineers and development labs to a virtual experience.</P>

<P STYLE="font: 12pt Cambria,serif; margin: 6pt 0.7pt 6pt 0">We experienced a significant sales increase in our Integrated Coating
Systems this quarter, and these were shipped to the Electronics/Microelectronics and the Medical segments of our business. Globally,
our sales to the Asia Pacific (APAC) region were strong, resulting in 78% of our sales originating from outside the United States
and Canada compared to 56% in last year&rsquo;s first quarter.</P>

<P STYLE="font: 12pt Cambria,serif; margin: 6pt 0.7pt 6pt 0">Due to both new orders and existing long delivery pre-Covid backlog
this quarter, we are expecting second quarter revenues to increase over last year. Looking ahead, we believe that the ongoing strength
of our business, combined with continued expense control and our strong balance sheet, position Sono-Tek well for the future&rdquo;,
commented Dr. Christopher L. Coccio, Chairman and CEO.</P>

<P STYLE="font: 12pt Cambria,serif; margin: 6pt 0 12pt"><B><U>First Quarter Fiscal 2021 Review</U></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Cambria, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 9pt Times New Roman,serif; text-align: center">&nbsp;</TD><TD STYLE="font-size: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 9pt; font-weight: bold; text-align: center">Three Months Ended May 31,</TD><TD STYLE="font-size: 9pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 9pt; font-weight: bold; text-align: center">Change</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 9pt Times New Roman,serif; text-align: center">&nbsp;</TD><TD STYLE="font-size: 9pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font-size: 9pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 9pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font-size: 9pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 9pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">$</TD><TD STYLE="font-size: 9pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="width: 44%; text-align: left"><FONT STYLE="font-size: 10pt">Net Sales</FONT></TD><TD STYLE="width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-size: 10pt">3,429,000</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-size: 10pt">2,822,000</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; text-align: center"><FONT STYLE="font-size: 10pt">607,000</FONT></TD><TD STYLE="width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; text-align: center"><FONT STYLE="font-size: 10pt">22%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Gross Profit</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,561,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,305,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">256,000</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">20%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross
    Margin</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 10pt">45.5%</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 10pt">46.2%</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Operating Income</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">184,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">179,000</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">3580%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating
    Margin</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 10pt">5.4%</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 10pt">0.2%</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Net Income</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">168,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">25,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">143,000</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">572%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
    Margin</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 10pt">4.9%</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 10pt">0.9%</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Basic Earnings Per Share</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">0.01</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">0.00</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD><FONT STYLE="font-size: 10pt">Diluted Earnings Per Share</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">0.01</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">0.00</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Weighted Average Shares -Basic</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">15,398,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">15,268,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD><FONT STYLE="font-size: 10pt">Weighted Average Shares - Diluted</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">15,437,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">15,357,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 12pt Times New Roman,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>


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<P STYLE="font: 12pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria,serif; margin: 0">Sales growth was driven by demand for Sono-Tek&rsquo;s customized, highly engineered
and high value integrated coating systems primarily for the Electronics / Microelectronics market in the first quarter of fiscal
2021. A significant customer took delivery of a system valued at over $700,000 in this market, and further orders from this customer
are expected in the future.</P>

<P STYLE="font: 12pt Cambria,serif; margin: 6pt 0">From a product sales perspective, Integrated Coating Systems revenues increased
197%. However, quarterly demand and revenue in any of the Market or Product baskets typically varies due to the size and timing
of orders, so the multi-quarter totals at year-end are often more significant in reflecting overall Market and Product trends.</P>

<P STYLE="font: 10pt Cambria,serif; margin: 6pt 0"><I>See the accompanying tables at the end of this release for a breakout of
sales by Market and Product. </I></P>

<P STYLE="font: 12pt Cambria,serif; margin: 0">In the first quarter of fiscal 2021, approximately 78% of sales originated outside
of the United States and Canada compared with 56% in the prior year period. Significantly, sales in the APAC region increased 297%,
primarily led by several shipments to China, as manufacturing operations came back online following temporary COVID-19 shutdowns.</P>

<P STYLE="font: 12pt Cambria,serif; margin: 6pt 0">The change in product mix resulted in a slightly lower gross margin of 45.5%,
and combined with tight expense control, resulted in a 572% increase in net income to $168,000 this quarter.</P>

<P STYLE="font: 12pt Cambria,serif; margin: 6pt 0"><B>Balance Sheet and Cash Flow Overview</B></P>

<P STYLE="font: 12pt Cambria,serif; margin: 0">Sono-Tek has built a strong balance sheet with solid levels of cash and cash equivalents
compared to a minimal level of debt. Cash and cash equivalents and short-term investments at quarter-end were $8.3 million, up
from $7.9 million at the end of fiscal 2020. The increase was the result of the current period's net income and noncash charges
and the proceeds of long term note payable partially offset by purchases of equipment and the repayment of long-term debt.</P>

<P STYLE="font: 12pt Cambria,serif; margin: 6pt 0">Cash used in operating activities was $396,000 in the first quarter of fiscal
2021 compared with generating $362,000 in the prior fiscal year period. Capital expenditures in the first quarter of fiscal 2021
were $152,000 compared with $129,000 in the prior fiscal year period.</P>

<P STYLE="font: 12pt Cambria,serif; margin: 6pt 0"><B>About Sono-Tek</B></P>

<P STYLE="font: 12pt Cambria,serif; margin: 6pt 0; background-color: white">Sono-Tek Corporation is the leading developer and manufacturer
of ultrasonic coating systems for applying precise, thin film coatings to protect, strengthen or smooth surfaces on parts and components
for the microelectronics/electronics, alternative energy, medical and industrial markets, including specialized glass applications
in construction and automotive.</P>

<P STYLE="font: 12pt Cambria,serif; margin: 6pt 0; background-color: white">The Company&rsquo;s solutions are environmentally-friendly,
efficient and highly reliable, and enable dramatic reductions in overspray, savings in raw material, water and energy usage and
provide improved process repeatability, transfer efficiency, high uniformity and reduced emissions.</P>

<P STYLE="font: 12pt Cambria,serif; margin: 6pt 0; background-color: white">Sono-Tek&rsquo;s growth strategy is focused on leveraging
its innovative technologies, proprietary know-how, unique talent and experience, and global reach to further develop microscopic
coating technologies that enable better outcomes for its customers&rsquo; products and processes.</P>

<P STYLE="font: 12pt Cambria,serif; margin: 6pt 0; background-color: white"><FONT STYLE="background-color: white">For further information,
visit www.sono-tek.com</FONT>.</P>


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<P STYLE="font: 10pt Cambria,serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Cambria,serif; margin: 0"><B><I><U>Safe Harbor Statement</U><BR>
<BR>
</I></B></P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">We discuss expectations regarding our future performance, such as our business outlook,
in our annual and quarterly reports, press releases, and other written and oral statements. These &ldquo;forward-looking statements&rdquo;
are based on currently available competitive, financial and economic data and our operating plans. They are inherently uncertain,
and investors must recognize that events could turn out to be significantly different from our expectations. These factors include,
among other considerations, general economic and business conditions; political, regulatory, tax, competitive and technological
developments affecting our operations or the demand for our products; the duration and scope of the COVID-19 pandemic; the extent
and duration of the pandemic&rsquo;s adverse effect on economic and social activity, consumer confidence, discretionary spending
and preferences, labor and healthcare costs, and unemployment rates, any of which may reduce demand for some of our products and
impair the ability of those with whom we do business to satisfy their obligations to us; our ability to sell and provide our services
and products, including as a result of continued pandemic related travel restrictions, mandatory business closures, and stay-at
home or similar orders; any temporary reduction in our workforce, closures of our offices and facilities and our ability to adequately
staff and maintain our operations resulting from the pandemic; the ability of our customers and suppliers to continue their operations
as result of the pandemic, which could result in terminations of contracts, losses of revenue, and further adverse effects to our
supply chain; maintenance of increased order backlog, including effects of any COVID-19 related cancellations; the imposition of
tariffs; timely development and market acceptance of new products and continued customer validation of our coating technologies;
adequacy of financing; capacity additions, the ability to enforce patents; maintenance of operating leverage; consummation of order
proposals; completion of large orders on schedule and on budget; successful transition from primarily selling ultrasonic nozzles
and components to a more complex business providing complete machine solutions and higher value subsystems; and realization of
quarterly and annual revenues within the forecasted.</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria,serif; margin: 0">We undertake no obligation to update any forward-looking statement.</P>

<P STYLE="font: 10pt Cambria,serif; margin: 0 0.9pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria,serif; margin: 0 0 6pt"><B>For more information, contact:</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 42%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Cambria,serif">Stephen J. Bagley</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; width: 58%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Cambria,serif">Chief Financial Officer</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Cambria,serif">Sono-Tek Corporation</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Cambria,serif">info@sono-tek.com</FONT></TD>
    <TD STYLE="font: 11pt Calibri,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Cambria,serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 12pt Cambria,serif; margin: 0"><B>FINANCIAL TABLES FOLLOW</B></P>

<P STYLE="font: 12pt Cambria,serif; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Cambria,serif; margin: 12pt 0 0; text-align: center"><B>SONO-TEK CORPORATION</B></P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center"><B>CONDENSED CONSOLIDATED BALANCE SHEETS</B></P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Cambria,serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center">May 31, 2020</TD><TD STYLE="font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center">February 29,</TD><TD STYLE="font: bold 9pt Cambria,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">(Unaudited)</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: bold 10pt Cambria,serif; text-align: center"><FONT STYLE="font-size: 10pt">ASSETS</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Current Assets:</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="width: 72%; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Cash and cash equivalents</FONT></TD><TD STYLE="width: 2%; font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 10%; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">4,381,947</FONT></TD><TD STYLE="width: 1%; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 2%; font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 10%; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">3,659,551</FONT></TD><TD STYLE="width: 1%; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Marketable securities</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">3,908,454</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">4,219,240</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Accounts receivable (less allowance of
    $71,000)</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,341,617</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">929,701</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Inventories, net</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">2,512,222</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">2,381,891</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Prepaid expenses
    and other current assets</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">146,588</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">153,698</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Total current assets</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">12,290,828</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">11,344,081</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">Land</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">250,000</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">250,000</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Buildings, net</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,634,226</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,654,061</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Equipment, furnishings and building improvements,
    net</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,279,083</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,212,578</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Intangible assets, net</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">102,145</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">106,291</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Deferred tax asset</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">176,314</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">176,314</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">TOTAL ASSETS</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">15,732,596</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">14,743,325</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Cambria,serif; text-align: center"><FONT STYLE="font-size: 10pt">LIABILITIES AND STOCKHOLDERS&rsquo;
    EQUITY</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Current Liabilities:</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Accounts payable</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,007,517</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">668,721</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Accrued expenses</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,409,167</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,613,409</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Customer deposits</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,325,694</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,648,690</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Current portion of long-term debt</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">556,212</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">169,716</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Income taxes payable</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">112,548</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">70,621</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Total current liabilities</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">4,411,138</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">4,171,157</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Deferred tax liability</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">251,761</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">251,761</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Long term debt,
    less current maturities</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,111,265</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">538,000</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Total liabilities</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">5,774,164</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">4,960,918</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Stockholders&rsquo; Equity</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Common stock, $.01 par value; 25,000,000
    shares authorized,<BR> 15,422,985 and 15,348,180 shares issued and outstanding, respectively</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">154,230</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">153,482</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Additional paid-in capital</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">9,025,755</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">9,018,406</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Accumulated earnings</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">778,447</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">610,519</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Total stockholders&rsquo;
    equity</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">9,958,432</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">9,782,407</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">TOTAL LIABILITIES
    AND STOCKHOLDERS&rsquo; EQUITY</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">15,732,596</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">14,743,325</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center">See notes to unaudited condensed consolidated financial statements.</P>


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<P STYLE="font: 10pt Cambria,serif; margin: 12pt 0 0; text-align: center"><B>SONO-TEK CORPORATION</B></P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center"><B>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</B></P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">Three&nbsp;Months&nbsp;Ended&nbsp;May
    31,</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">2020</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">2019</FONT></TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="width: 72%; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Net Sales</FONT></TD><TD STYLE="width: 2%; font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 10%; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">3,428,544</FONT></TD><TD STYLE="width: 1%; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 2%; font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 10%; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">2,822,428</FONT></TD><TD STYLE="width: 1%; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Cost of Goods Sold</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,867,811</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,517,493</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross
    Profit</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,560,733</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,304,935</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Operating Expenses</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;Research and
    product development costs</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">411,424</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">354,173</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;Marketing and
    selling expenses</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">706,717</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">677,412</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;General
    and administrative costs</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">258,402</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">268,813</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
    Operating Expenses</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,376,543</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">1,300,398</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Operating Income</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">184,190</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">4,537</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Interest Expense</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">(8,417</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">(8,947</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Interest and Dividend Income</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">22,646</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">31,171</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Other income</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">11,435</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">4,755</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">Income Before Income Taxes</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">209,854</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">31,516</FONT></TD><TD STYLE="font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Income Tax Expense</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">41,926</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">6,303</FONT></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">Net Income</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">167,928</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">25,213</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">Basic Earnings Per Share</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">0.01</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">0.00</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">Diluted Earnings Per Share</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">0.01</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">0.00</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">Weighted Average Shares - Basic</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">15,397,779</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">15,268,071</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">Weighted Average Shares - Diluted</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">15,436,758</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font: 10pt Cambria,serif; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Cambria,serif; text-align: right"><FONT STYLE="font-size: 10pt">15,357,295</FONT></TD><TD STYLE="padding-bottom: 2.5pt; font: 10pt Cambria,serif; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center">See notes to unaudited condensed consolidated financial statements.</P>


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<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center"><B>SONO-TEK CORPORATION</B></P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center"><B>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</B></P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; text-align: center">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">Three&nbsp;Months&nbsp;Ended&nbsp;May 31,</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; font-weight: bold; text-align: left">CASH FLOWS FROM OPERATING ACTIVITIES:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 72%; font-family: Cambria,serif; text-align: left">Net Income</TD><TD STYLE="width: 2%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="width: 10%; font-family: Cambria,serif; text-align: right">167,928</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="width: 10%; font-family: Cambria,serif; text-align: right">25,213</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Adjustments to reconcile net income to net cash</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; text-align: left">provided by (used in) operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Depreciation and amortization</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">109,878</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">89,207</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Stock based compensation expense</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">8,097</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">11,310</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Inventory reserve</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">18,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">14,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Decrease (Increase) in:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Accounts receivable</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">(411,916</TD><TD STYLE="font-family: Cambria,serif; text-align: left">)</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">65,538</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif">Inventories</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">(148,331</TD><TD STYLE="font-family: Cambria,serif; text-align: left">)</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">(734,704</TD><TD STYLE="font-family: Cambria,serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Prepaid expenses and other current assets</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">7,110</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">289,992</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; text-align: left">(Decrease) Increase in:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Accounts payable and accrued expenses</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">134,554</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">410,079</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Customer Deposits</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">(322,996</TD><TD STYLE="font-family: Cambria,serif; text-align: left">)</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">184,748</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; text-align: left; padding-bottom: 1pt">Income taxes payable</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">41,927</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">6,303</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; text-align: left; padding-bottom: 1pt">Net Cash (Used In) Provided By Operating Activities</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">(395,749</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">)</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">361,686</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; font-weight: bold; text-align: left">&nbsp;CASH FLOWS FROM INVESTING ACTIVITIES:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Purchase of equipment, furnishings and leasehold improvements</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">(152,402</TD><TD STYLE="font-family: Cambria,serif; text-align: left">)</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">(129,159</TD><TD STYLE="font-family: Cambria,serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; text-align: left; padding-bottom: 1pt">Sale (Purchase) of marketable securities</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">310,786</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">(1,413,481</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; text-align: left; padding-bottom: 1pt">Net Cash Provided By (Used In) Investing Activities</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">158,384</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">(1,542,640</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; font-weight: bold; text-align: left">CASH FLOWS FROM FINANCING ACTIVITIES:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Proceeds from note payable - bank</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">1,001,640</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">&mdash;</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; text-align: left; padding-bottom: 1pt">Repayment of long-term debt</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">(41,879</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">)</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">(40,283</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; text-align: left; padding-bottom: 1pt">Net Cash Provided By (Used In) Financing Activities</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">959,761</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">(40,283</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; font-weight: bold; text-align: left">NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">722,396</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">(1,221,237</TD><TD STYLE="font-family: Cambria,serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; font-weight: bold; text-align: left">CASH AND CASH EQUIVALENTS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">Beginning of period</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">3,659,551</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">3,144,123</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; padding-bottom: 2.5pt">End of period</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Cambria,serif; text-align: right">4,381,947</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Cambria,serif; text-align: right">1,922,886</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; font-weight: bold; text-align: left">SUPPLEMENTAL CASH FLOW DISCLOSURE:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; text-align: left; padding-bottom: 2.5pt">Interest paid</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Cambria,serif; text-align: right">7,210</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Cambria,serif; text-align: right">8,947</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; text-align: left; padding-bottom: 2.5pt">Taxes Paid</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Cambria,serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-family: Cambria,serif; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 2.5pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center">See notes to unaudited condensed consolidated financial statements.</P>


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<P STYLE="font: 12pt Cambria,serif; margin: 0; text-align: center"><B>SONO-TEK CORPORATION</B></P>

<P STYLE="font: 12pt Cambria,serif; margin: 0; text-align: center"><B>ADDITIONAL INFORMATION &ndash; MARKET AND PRODUCT SALES</B></P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center"><B>(Unaudited)</B></P>

<P STYLE="font: 10pt Cambria,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Cambria,serif; margin: 0"><B>Product Sales:</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">Three Months Ended May 31,</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">Change</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">% of total</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">% of total</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">$</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">%</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="width: 28%; font-family: Cambria,serif; text-align: left">Fluxing Systems</TD><TD STYLE="width: 1%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="width: 9%; font-family: Cambria,serif; text-align: right">344,000</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-family: Cambria,serif; text-align: right">10%</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="width: 9%; font-family: Cambria,serif; text-align: right">391,000</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-family: Cambria,serif; text-align: right">14%</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-family: Cambria,serif; text-align: right">(47,000</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">)</TD><TD STYLE="width: 1%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-family: Cambria,serif; text-align: right">(12%</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Integrated Coating Systems</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">1,176,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">34%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">396,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">14%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">780,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">197%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Multi-Axis Coating Systems</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">913,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">27%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">1,073,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">38%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">(160,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">)</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">(15%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; text-align: left">OEM Systems</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">422,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">12%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">319,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">11%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">103,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">32%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">Other</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">574,000</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">17%</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">643,000</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">23%</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">(69,000</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">)</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">(11%</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt; padding-left: 12.8pt">TOTAL</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">3,429,000</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">2,822,000</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">607,000</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">22%</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Cambria,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Cambria,serif; margin: 0"><B>Market Sales:</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="14" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">Three Months Ended May 31,</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">Change</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">% of total</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">% of total</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">$</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD><TD STYLE="font: bold 9pt Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: bold 9pt Cambria,serif; text-align: center; border-bottom: Black 1pt solid">%</TD><TD STYLE="padding-bottom: 1pt; font: bold 9pt Cambria,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="width: 28%; font-family: Cambria,serif">Electronics/Microelectronics</TD><TD STYLE="width: 1%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="width: 9%; font-family: Cambria,serif; text-align: right">2,240,000</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-family: Cambria,serif; text-align: right">65%</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="width: 9%; font-family: Cambria,serif; text-align: right">1,538,000</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-family: Cambria,serif; text-align: right">55%</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-family: Cambria,serif; text-align: right">702,000</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; font-family: Cambria,serif; text-align: right">46%</TD><TD STYLE="width: 1%; font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif">Medical</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">692,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">20%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">543,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">19%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">149,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">27%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Alternative Energy</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">395,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">12%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">386,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">14%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">9,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">2%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; text-align: left">Emerging R&amp;D and Other</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">37,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">1%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">285,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">10%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">(248,000</TD><TD STYLE="font-family: Cambria,serif; text-align: left">)</TD><TD STYLE="font-family: Cambria,serif">&nbsp;</TD>
    <TD STYLE="font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; text-align: right">(87%</TD><TD STYLE="font-family: Cambria,serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">Industrial</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">65,000</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">2%</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">70,000</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">2%</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">(5,000</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">)</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">(7%</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt; padding-left: 12.8pt">TOTAL</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">3,429,000</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">2,822,000</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">607,000</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="font-family: Cambria,serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-family: Cambria,serif; text-align: right">22%</TD><TD STYLE="padding-bottom: 1pt; font-family: Cambria,serif; text-align: left">&nbsp;</TD></TR>
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