| SEGMENT DATA |
NOTE 9: SEGMENT DATA
The Company operates in one segment. The chief operating decision maker, who is responsible
for allocating resources and assessing performance, has been identified as the Chief Executive Officer (the “CODM”). The CODM
assesses the financial performance of the Company and decides how to allocate resources based on Operating income.
The following table presents the Company’s segment data (rounded to the nearest thousand):
Schedule of segment data
| |
|
Three Months Ended May 31, |
| |
|
2026 |
|
2025 |
| Net Sales |
|
$ |
5,661,000 |
|
$ |
5,133,000 |
| Direct Cost of Goods Sold |
|
|
|
|
|
|
| Materials & Freight |
|
|
1,887,000 |
|
|
1,872,000 |
| Production Labor |
|
|
111,000 |
|
|
76,000 |
| Depreciation |
|
|
34,000 |
|
|
50,000 |
| Other |
|
|
133,000 |
|
|
119,000 |
| |
|
|
2,165,000 |
|
|
2,117,000 |
| Service Department |
|
|
|
|
|
|
| Salaries |
|
|
146,000 |
|
|
138,000 |
| Travel |
|
|
51,000 |
|
|
37,000 |
| Outside Installations |
|
|
- |
|
|
11,000 |
| Warranty Costs |
|
|
35,000 |
|
|
98,000 |
| Other |
|
|
50,000 |
|
|
67,000 |
| |
|
|
282,000 |
|
|
351,000 |
| Total Cost of Goods & Service |
|
$ |
2,447,000 |
|
$ |
2,468,000 |
| Gross Profit |
|
|
3,214,000 |
|
|
2,665,000 |
| Research & Product Development |
|
|
|
|
|
|
| Salaries |
|
|
458,000 |
|
|
474,000 |
| Insurance |
|
|
35,000 |
|
|
35,000 |
| Depreciation |
|
|
32,000 |
|
|
45,000 |
| R & D Materials |
|
|
39,000 |
|
|
66,000 |
| Other |
|
|
53,000 |
|
|
48,000 |
| |
|
|
617,000 |
|
|
668,000 |
| Marketing and Selling |
|
|
|
|
|
|
| Salaries |
|
|
500,000 |
|
|
437,000 |
| Insurance |
|
|
61,000 |
|
|
47,000 |
| Commissions |
|
|
227,000 |
|
|
152,000 |
| Travel & Entertainment |
|
|
29,000 |
|
|
29,000 |
| Advertising / Trade Show |
|
|
117,000 |
|
|
108,000 |
| Depreciation |
|
|
22,000 |
|
|
25,000 |
| Other |
|
|
69,000 |
|
|
60,000 |
| |
|
|
1,025,000 |
|
|
858,000 |
| General and Administrative |
|
|
|
|
|
|
| Salaries |
|
|
294,000 |
|
|
272,000 |
| Insurance |
|
|
56,000 |
|
|
45,000 |
| Professional Fees |
|
|
105,000 |
|
|
84,000 |
| Corporate Expenses |
|
|
90,000 |
|
|
132,000 |
| Stock Based Compensation |
|
|
86,000 |
|
|
75,000 |
| Depreciation |
|
|
15,000 |
|
|
17,000 |
| Misc Other |
|
|
29,000 |
|
|
30,000 |
| |
|
|
675,000 |
|
|
655,000 |
| Total Operating Expenses |
|
|
2,317,000 |
|
|
2,181,000 |
| |
|
|
|
|
|
|
| Operating Income |
|
|
897,000 |
|
|
484,000 |
| |
|
|
|
|
|
|
| Interest Income & Unrealized (Loss)/Gain |
|
|
88,000 |
|
|
120,000 |
| Income Before Taxes |
|
|
985,000 |
|
|
604,000 |
| Income Tax Expense |
|
|
244,000 |
|
|
119,000 |
| Net Income |
|
$ |
741,000 |
|
$ |
485,000 |
|