CUSTOMER CONCENTRATIONS AND FOREIGN SALES

9 Months Ended

Nov. 30, 2022

Risks and Uncertainties [Abstract]

CUSTOMER CONCENTRATIONS AND FOREIGN SALES

NOTE 9: CUSTOMER CONCENTRATIONS AND FOREIGN SALES

Export sales to customers located outside the United States and Canada were approximately as follows:

	Nine Months Ended November 30,				Three Months Ended November 30,
	2022		2021		2022		2021
Asia Pacific (APAC)	$	2,367,000	$	4,754,000	$	834,000	$	1,901,000
Europe, Middle East, Asia (EMEA)		2,557,000		2,723,000		731,000		1,287,000
Latin America		1,301,000		888,000		436,000		243,000
	$	6,225,000	$	8,365,000	$	2,001,000	$	3,431,000

In the first nine months of fiscal 2023 and fiscal 2022, sales to foreign customers accounted for approximately $6,225,000 and $8,365,000, or 55% and 69%, respectively, of total revenues.

During the third quarter of fiscal 2023 and fiscal 2022, sales to foreign customers accounted for approximately $2,001,000 and $3,431,000, or 56% and 78%, respectively, of total revenues.

The Company had two customers which accounted for 14% of sales during the first nine months of fiscal 2023. The Company had two customers which accounted for 21% of sales during the third quarter of fiscal 2023. Five customers accounted for 41% of the outstanding accounts receivables at November 30, 2022.

The Company had three customers which accounted for 27% of sales during the first nine months of fiscal 2022. The Company had six customers which accounted for 48% of sales during the third quarter of fiscal 2022. Three customers accounted for 41% of the outstanding accounts receivables at February 28, 2022.