CUSTOMER CONCENTRATIONS AND FOREIGN SALES

12 Months Ended

Feb. 29, 2024

Risks and Uncertainties [Abstract]

CUSTOMER CONCENTRATIONS AND FOREIGN SALES

NOTE 11: CUSTOMER CONCENTRATIONS AND FOREIGN SALES

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

	February 29, 2024		February 28, 2023
Asia Pacific (APAC)		3,268,000		3,260,000
Europe, Middle East, Asia (EMEA)		4,333,000		3,448,000
Latin America		1,221,000		1,546,000
	$	8,822,000	$	8,254,000

During fiscal 2024 and fiscal 2023, sales to foreign customers accounted for approximately $8,822,000 and $8,254,000, or 45% and 55% respectively, of total revenues.

For the fiscal years ended February 29, 2024 and February 28, 2023, no single customer accounted for more than 10% of the Company’s revenues.

Two customers accounted for 26% of the outstanding accounts receivables February 29, 2024.

Two customers accounted for 28% of the outstanding accounts receivables at February 28, 2023.

The Company had two customers which accounted for 14% of sales during fiscal 2023. Four customers accounted for 44% of the outstanding accounts receivables at February 28, 2023.