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SEGMENT DATA
 12 Months Ended
Feb. 28, 2025
Segment Reporting [Abstract]  
SEGMENT DATA

NOTE 12: SEGMENT DATA

 

The company operates in one segment. The chief operating decision maker, who is responsible for allocating resources and assessing performance, has been identified as the Chief Executive Officer (the “CODM”). The CODM assesses the financial performance of the company and decides how to allocate resources based on Operating income.

 

The following table presents our segment data (rounded to the nearest thousand):

    Fiscal Year Ended
    2025   2024
Net Sales   $ 20,504,000   $ 19,700,000
Direct Cost of Goods Sold            
Materials & Freight     8,126,000     7,669,000
Production Labor     817,000     435,000
Other     645,000     590,000
      9,588,000     8,694,000
Service Department            
Salaries     560,000     496,000
Travel     218,000     216,000
Outside Installations     42,000     139,000
Warranty Costs     121,000     77,000
Other     236,000     233,000
      1,177,000     1,161,000
Total Cost of Goods & Service     10,765,000     9,855,000
Gross Profit     9,739,000     9,845,000
Research & Product Development            
Salaries     1,879,000     2,011,000
Insurance     167,000     163,000
Depreciation     231,000     210,000
R & D Materials     233,000     310,000
Other     214,000     192,000
      2,724,000     2,886,000
Marketing and Selling            
Salaries     1,809,000     2,098,000
Commissions     767,000      674,000
Insurance     196,000     174,000
Travel & Entertainment     157,000     134,000
Advertising / Trade Show     438,000     371,000
Depreciation     87,000     54,000
Other     224,000     191,000
      3,678,000     3,696,000

 

General and Administrative            
Salaries and Wages     1,051,000     824,000
Insurance     183,000     158,000
Depreciation and Amortization     76,000     62,000
Professional Fees     384,000     280,000
Corporate Expenses     361,000     353,000
Stock Based Compensation     248,000     204,000
Misc Other     24,000     200,000
      2,327,000     2,081,000
Total Operating Expenses     8,729,000     8,662,000
Operating Income     1,010,000     1,182,000
Interest Income & Unrealized Gain     524,000     562,000
Income Before Taxes     1,534,000     1,744,000
Income Tax Expense     261,000     303,000
Net Income   $ 1,273,000   $ 1,441,000