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CUSTOMER CONCENTRATIONS AND FOREIGN SALES

6 Months Ended

Aug. 31, 2022

Risks and Uncertainties [Abstract]

CUSTOMER CONCENTRATIONS AND FOREIGN SALES

NOTE 9: CUSTOMER CONCENTRATIONS AND FOREIGN SALES

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


		Six Months Ended August 31,								Three Months Ended August 31,
		2022				2021				2022				2021

Asia Pacific (APAC)		$	1,533,000			$	2,853,000			$	827,000			$	1,631,000
Europe, Middle East, Asia (EMEA)			1,826,000				1,436,000				836,000				593,000
Latin America			865,000				645,000				447,000				293,000
		$	4,224,000			$	4,934,000			$	2,110,000			$	2,517,000

During first half of fiscal 2023 and fiscal 2022, sales to foreign customers accounted for approximately $4,224,000 and $4,934,000, or 54% and 64% respectively, of total revenues.

During second quarter of fiscal 2023 and fiscal 2022, sales to foreign customers accounted for approximately $2,110,000 and $2,517,000, or 56% and 62% respectively, of total revenues.

The Company had three customers which accounted for 17% of sales during the first half of fiscal 2023. The Company had four customers which accounted for 24% of sales during the second quarter of fiscal 2023. Five customers accounted for 40% of the outstanding accounts receivables at August 31, 2022.

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. Three customers accounted for 41% of the outstanding accounts receivables at February 28, 2022.