CUSTOMER CONCENTRATIONS AND FOREIGN SALES

6 Months Ended

Aug. 31, 2023

Risks and Uncertainties [Abstract]

CUSTOMER CONCENTRATIONS AND FOREIGN SALES

NOTE 8: CUSTOMER CONCENTRATIONS AND FOREIGN SALES

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

	Six Months Ended August 31,				Three Months Ended August 31,
	2023		2022		2023		2022
Asia Pacific (APAC)	$	1,109,000	$	1,533,000	$	538,000	$	827,000
Europe, Middle East, Asia (EMEA)		1,581,000		1,826,000		1,155,000		836,000
Latin America		985,000		865,000		747,000		447,000
	$	3,675,000	$	4,224,000	$	2,440,000	$	2,110,000

During the first half of fiscal 2024 and fiscal 2023, sales to foreign customers accounted for approximately $3,675,000 and $4,224,000, or 40% and 54% respectively, of total revenues.

During the second quarter of fiscal 2024 and fiscal 2023, sales to foreign customers accounted for approximately $2,440,000 and $2,110,000, or 43% and 56% respectively, of total revenues.

The Company had one customer which accounted for 14% of total sales during the first half of fiscal 2024. The Company had one customer which accounted for 20% of total sales during the second quarter of fiscal 2024. Three customers accounted for 39% of the outstanding accounts receivable at August 31, 2023.

The Company had three customers which accounted for 17% of total sales during the first half of fiscal 2023. The Company had four customers which accounted for 24% of total sales during the second quarter of fiscal 2023. Four customers accounted for 44% of the outstanding accounts receivable at February 28, 2023.