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NOTE 10: CUSTOMER CONCENTRATIONS AND FOREIGN SALES | 6 Months Ended
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Aug. 31, 2021
Risks and Uncertainties [Abstract] |
NOTE 10: CUSTOMER CONCENTRATIONS AND FOREIGN SALES | NOTE 10: CUSTOMER CONCENTRATIONS AND FOREIGN SALES Export sales to customers located outside the United States and Canada were approximately as follows: Customer Concentrations and Foreign Sales - Schedule of Customer Concentrations and Foreign Sales
|  | Six Months Ended August 31, |  |  | Three Months Ended August 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Asia Pacific (APAC) Asia Pacific (APAC) |  | $ | 2,853,000 |  |  | $ | 2,377,000 |  |  | $ | 1,631,000 |  |  | $ | 455,000 |
Europe, Middle East, Asia (EMEA) Europe, Middle East, Asia (EMEA) |  |  | 1,436,000 |  |  |  | 1,198,000 |  |  |  | 593,000 |  |  |  | 767,000 |
Latin AmericaLatin America |  |  | 645,000 |  |  |  | 423,000 |  |  |  | 293,000 |  |  |  | 103,000 |
|  | $ | 4,934,000 |  |  | $ | 3,998,000 |  |  | $ | 2,517,000 |  |  | $ | 1,325,000 |
During first half of fiscal 2022 and fiscal 2021, sales to foreign customers accounted for approximately $4,934,000 and $3,998,000, or 64% and 58% respectively, of total revenues. During second quarter of fiscal 2022 and fiscal 2021, sales to foreign customers accounted for approximately $2,517,000 and $1,325,000, or 62% and 38% respectively, of total revenues. The Company had two customers which accounted for 26% of sales during the first half of fiscal 2022. The Company had five customers which accounted for 47% of sales during the second quarter of fiscal 2022. Two customers accounted for 55% of the outstanding accounts receivables at August 31, 2021. The Company had six customers which accounted for 47% of sales during the first half of fiscal 2021.The Company had six customers which accounted for 54% of sales during the second quarter of fiscal 2021. Two customers accounted for 64% of the outstanding accounts receivables at February 28, 2021 . Foreign Customers Sales Revenue Accounts Receivables Two Customers Five Customers Six Customers

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI http://asc.fasb.org/topic&trid=2134479 + Details
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- References No definition available. + Details
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