As of May 31, 2020 and February 29, 2020, the Company has a 50% non-controlling ownership interest in ASA Electronics, LLC and Subsidiary (“ASA") which acts as a distributor of mobile electronics specifically designed for niche markets within the automotive industry, including RV's; buses; and commercial, heavy duty, agricultural, construction, powersport, and marine vehicles.

The following presents summary financial information for ASA. Such summary financial information has been provided herein based upon the individual significance of ASA to the consolidated financial information of the Company.

	May 31, 2020		February 29, 2020
Current assets	$	45,943	$	47,738
Non-current assets		5,265		5,453
Liabilities		8,640		9,343
Members' equity		42,568		43,848

	Three months ended May 31,
	2020		2019
Net sales	$	16,441	$	26,124
Gross profit		5,911		7,955
Operating income		1,604		2,769
Net income		1,724		2,880

The Company's share of income from ASA was $862 for the three months ended May 31, 2020, and $1,440 for the three months ended May 31, 2019. The decrease in ASA’s operating and net income for the three months ended May 31, 2020 compared to the prior year period is primarily a result of the impact of the COVID-19 pandemic on ASA’s sales during the period due to business shut downs and quarantine orders.