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CUSTOMER CONCENTRATIONS AND FOREIGN SALES | 12 Months Ended
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Feb. 29, 2024
Risks and Uncertainties [Abstract] |
CUSTOMER CONCENTRATIONS AND FOREIGN SALES | NOTE 11: 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
|  | February 29, 2024 |  |  | February 28, 2023 |
Asia Pacific (APAC) |  |  | 3,268,000 |  |  |  | 3,260,000 |
Europe, Middle East, Asia (EMEA) |  |  | 4,333,000 |  |  |  | 3,448,000 |
Latin America |  |  | 1,221,000 |  |  |  | 1,546,000 |
|  | $ | 8,822,000 |  |  | $ | 8,254,000 |
During fiscal 2024 and fiscal 2023, sales to foreign customers accounted for approximately $8,822,000 and $8,254,000, or 45% and 55% respectively, of total revenues. For the fiscal years ended February 29, 2024 and February 28, 2023, no single customer accounted for more than 10% of the Company’s revenues. Two customers accounted for 26% of the outstanding accounts receivables February 29, 2024. Two customers accounted for 28% of the outstanding accounts receivables at February 28, 2023. 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.

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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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