Segment Information

3 Months Ended

May 31, 2016

Notes to Financial Statements

Segment Information

NOTE 10: 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 three months ended May 31, 2016 and 2015, segment information is as follows:

	Three Months Ended May 31, 2016										Three Months Ended May 31, 2015
	Ultrasonic Spraying		Rental Real Estate Operations			Eliminations			Consolidated		Ultrasonic Spraying		Rental Real Estate Operations			Eliminations			Consolidated
Net Sales	$	2,216,211	$	73,074		$	49,074		$	2,240,211	$	2,858,597	$	73,374		$	49,074		$	2,882,897
Rental Expense	$	49,074	$	43,117		$	(49,074	)	$	43,117	$	49,074	$	39,545		$	(49,074	)	$	39,545
Interest Expense		—	$	13,745					$	13,745	$	75	$	15,213					$	15,288
Net Income (Loss)	$	88,653	$	(32,862	)				$	55,791	$	184,480	$	(30,458	)				$	154,022
Assets	$	8,120,830	$	2,437,225					$	10,558,055	$	8,078,215	$	2,497,922					$	10,576,137
Debt		—	$	1,284,230					$	1,284,230	$	5,149	$	1,423,136					$	1,428,285