Segment Information

12 Months Ended

Feb. 28, 2014

Notes to Financial Statements

Segment Information

NOTE 3: SEGMENT INFORMATION

The Company operates in two segments: ultrasonic spray coating systems, which is the business of developing, manufacturing, selling, installing and servicing ultrasonic spray coating equipment; and real estate operations, which is the business of owning and operating the Sono-Tek Industrial Park.

All inter-company transactions are eliminated in consolidation. For the twelve months ended February 28, 2014 and 2013, segment information is as follows:

	Twelve Months Ended February 28, 2014										Twelve Months Ended February 28, 2013
	Ultrasonic Spraying		Rental Real Estate Operations			Eliminations			Consolidated		Ultrasonic Spraying		Rental Real Estate Operations			Eliminations			Consolidated
Net Sales	$	10,202,273	$	217,453		$	140,788		$	10,278,938	$	9,490,564	$	187,531		$	135,741		$	9,542,354
Rental Expense	$	140,788	$	154,792		$	(140,788	)	$	154,792	$	135,741	$	118,559		$	(135,741	)	$	118,559
Interest Expense	$	2,411	$	107,740					$	110,151	$	3,546	$	110,385					$	113,931
Net Income (Loss)	$	529,553	$	(45,079	)				$	484,474	$	173,664	$	(41,413	)				$	132,251
Assets	$	7,268,871	$	2,510,290					$	9,779,161	$	6,574,429	$	2,492,015					$	9,066,444
Debt	$	81,165	$	1,589,360					$	1,670,525	$	140,619	$	1,972,616					$	2,113,235