Segment Information

12 Months Ended

Feb. 29, 2016

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. Segment information is as follows:

	Fiscal Year Ended February 29, 2016										Fiscal Year Ended February 28, 2015
	Ultrasonic Spraying		Rental Real Estate Operations			Eliminations			Consolidated		Ultrasonic Spraying		Rental Real Estate Operations			Eliminations			Consolidated
Net Sales	$	11,738,982	$	291,046		$	196,298		$	11,833,730	$	10,757,825	$	287,948		$	196,298		$	10,849,475
Rental Expense	$	196,298	$	158,629		$	(196,298	)	$	158,629	$	196,298	$	162,522		$	(196,298	)	$	162,522
Interest Expense	$	83	$	58,364					$	58,447	$	1,223	$	63,304					$	64,527
Net Income (Loss)	$	669,974	$	(122,245	)				$	547,729	$	740,309	$	(134,176	)				$	606,133
Assets	$	8,214,873	$	2,454,664					$	10,669,537	$	8,227,705	$	2,513,924					$	10,741,629
Debt	$	—	$	1,319,737					$	1,319,737	$	20,542	$	1,457,379					$	1,477,921