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CUSTOMER CONCENTRATIONS AND FOREIGN SALES
 12 Months Ended
Feb. 28, 2023
Risks and Uncertainties [Abstract]  
CUSTOMER CONCENTRATIONS AND FOREIGN SALES

NOTE 12: CUSTOMER CONCENTRATIONS AND FOREIGN SALES

 

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

 

          
   February 28,
2023		   February 28,
2022		 
Asia Pacific (APAC)   3,260,000    5,301,000 
Europe, Middle East, Asia (EMEA)   3,448,000    5,255,000 
Latin America   1,546,000    1,097,000 
   $8,254,000   $11,653,000 

 

During fiscal 2023 and fiscal 2022, sales to foreign customers accounted for approximately $8,254,000 and $11,653,000, or 55% and 68% respectively, of total revenues.

 

The Company had two customers which accounted for 14% of sales during fiscal 2023. Four customers accounted for 44% of the outstanding accounts receivables at February 28, 2023.

 

The Company had two customers which accounted for 24% of sales during fiscal 2022. Three customers accounted for 41% of the outstanding accounts receivables at February 28, 2022.