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Segment Information
3 Months Ended
May 31, 2012
Notes to Financial Statements  
Segment Information

NOTE 8: SEGMENT INFORMATION

 

The company operates in two segments: ultrasonic spraying systems and rental real estate operations.

 

For the three months ended May 31, 2012, segment information is as follows. All inter-company transactions are eliminated in consolidation.

 

   Ultrasonic
Spraying
   Rental
Real Estate
Operations
   Eliminations   Consolidated 
Net Sales  $2,818,857   $54,779   $33,934   $2,839,702 
Rental Expense  $33,934   $29,020   $(33,934)  $29,020 
Interest Expense  $1,051   $27,919    -   $28,970 
Net Income (Loss)  $13,260   $(2,160)   -   $11,100 
Assets  $6,918,542   $2,513,137    -   $9,431,679 
Debt  $184,477   $2,020,161    -   $2,204,638