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CUSTOMER CONCENTRATIONS AND FOREIGN SALES | 6 Months Ended
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Aug. 31, 2023
Risks and Uncertainties [Abstract] |
CUSTOMER CONCENTRATIONS AND FOREIGN SALES | NOTE 8: CUSTOMER CONCENTRATIONS AND FOREIGN SALES Export sales to customers located outside the United States and Canada were approximately as follows: Schedule of Customer Concentrations and Foreign Sales
|  | Six Months Ended August 31, |  |  | Three Months Ended August 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Asia Pacific (APAC) |  | $ | 1,109,000 |  |  | $ | 1,533,000 |  |  | $ | 538,000 |  |  | $ | 827,000 |
Europe, Middle East, Asia (EMEA) |  |  | 1,581,000 |  |  |  | 1,826,000 |  |  |  | 1,155,000 |  |  |  | 836,000 |
Latin America |  |  | 985,000 |  |  |  | 865,000 |  |  |  | 747,000 |  |  |  | 447,000 |
|  | $ | 3,675,000 |  |  | $ | 4,224,000 |  |  | $ | 2,440,000 |  |  | $ | 2,110,000 |
During the first half of fiscal 2024 and fiscal 2023, sales to foreign customers accounted for approximately $3,675,000 and $4,224,000, or 40% and 54% respectively, of total revenues. During the second quarter of fiscal 2024 and fiscal 2023, sales to foreign customers accounted for approximately $2,440,000 and $2,110,000, or 43% and 56% respectively, of total revenues. The Company had one customer which accounted for 14% of total sales during the first half of fiscal 2024. The Company had one customer which accounted for 20% of total sales during the second quarter of fiscal 2024. Three customers accounted for 39% of the outstanding accounts receivable at August 31, 2023. The Company had three customers which accounted for 17% of total sales during the first half of fiscal 2023. The Company had four customers which accounted for 24% of total sales during the second quarter of fiscal 2023. Four customers accounted for 44% of the outstanding accounts receivable at February 28, 2023.

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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 -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//275/tableOfContent + Details
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