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SEGMENT DATA
 3 Months Ended
May 31, 2025
Segment Reporting [Abstract]  
SEGMENT DATA

NOTE 9: 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 the Company’s segment data (rounded to the nearest thousand):

    Three Months Ended May 31,  
    2025   2024  
Net Sales   $ 5,133,000   $ 5,031,000  
Direct Cost of Goods Sold              
Materials & Freight     1,872,000     1,951,000  
Production Labor     76,000     157,000  
Depreciation     50,000     58,000  
Other     119,000     112,000  
      2,117,000     2,278,000  
Service Department              
Salaries     138,000     139,000  
Travel     37,000     64,000  
Outside Installations     11,000     (26,000 )
Warranty Costs     98,000     58,000  
Other     67,000     64,000  
      351,000     299,000  
Total Cost of Goods & Service     2,468,000     2,577,000  
Gross Profit     2,665,000     2,454,000  
Research & Product Development              
Salaries     474,000     506,000  
Insurance     35,000     47,000  
Depreciation     45,000     52,000  
R & D Materials     66,000     73,000  
Other     48,000     53,000  
      668,000     731,000  
Marketing and Selling              
Salaries     473,000     439,000  
Insurance     47,000     448,000  
Commissions     152,000      196,000  
Travel & Entertainment     29,000     39,000  
Advertising / Trade Show     108,000     106,000  
Depreciation     25,000     16,000  
Other     60,000     53,000  
      858,000     897,000  
General and Administrative              
Salaries     272,000     249,000  
Insurance     45,000     48,000  
Professional Fees     84,000     109,000  
Corporate Expenses     132,000     114,000  
Stock Based Compensation     75,000     54,000  
Depreciation     17,000     17,000  
Misc Other     30,000     3,000  
      655,000     588,000  

 

 

Total Operating Expenses     2,181,000     2,216,000  
               
Operating Income     484,000     238,000  
               
Interest Income & Unrealized (Loss)/Gain     120,000     153,000  
Income Before Taxes     604,000     391,000  
Income Tax Expense     119,000     60,000  
Net Income   $ 485,000   $ 331,000