Acquisition of Unicomp

12 Months Ended

Feb. 28, 2019

Acquisition of Unicomp

Note 13. – Acquisition of Unicomp

On October 23, 2017, the Company acquired Unicomp, Inc., a keyboard manufacturer for a purchase price of $200 thousand. The fair value related to the purchase price consideration was allocated to inventory. The Company paid $100 thousand in cash and a note with the seller for $100 thousand. The $100 thousand note is non-interest bearing and is payable at the completion of a product development plan by the previous owner which is expected in fiscal 2020. The Company acquired Unicomp as an opportunity to develop, market and sell Tempest keyboards for its cyber security division.