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DISAGGREGATION OF REVENUES AND MAJOR CUSTOMERS
12 Months Ended
Feb. 28, 2021
Segment Reporting [Abstract]  
DISAGGREGATION OF REVENUES AND MAJOR CUSTOMERS

Revenues from domestic and export sales to unaffiliated customers for the fiscal years ended February 28, 2021 and February 29, 2020 are as follows:

 

Geographic Region

 

February 28, 2021

 

 

February 29, 2020

 

Europe and Australia  $-   $- 
Canada and Latin America   14,000    21,000 
Far East and Middle East   12,000    1,000 
United States   10,508,000    9,215,000 
Totals  $10,534,000   $9,237,000 

 

 

Revenues from domestic and export sales are attributed to global geographic regions according to the location of the customer’s primary manufacturing or operating facilities.

 

For the fiscal years ended February 28, 2021 and February 29, 2020, approximately 77% and 78%, respectively, of the Company’s sales have been attributable to contracts with customers whose products are sold to the United States government. The remaining 23% and 22%, respectively of sales are for non-military, scientific and industrial applications, or to distributors where we do not have end user information.

 

Sales to the Company's major customers accounted for 75% of net sales for the year ended February 28, 2021 as compared with 70% of the Company's net sales for the year ended February 29, 2020. For the year ended February 28, 2021, sales to Raytheon Technologies Corporation accounted for approximately 49% of net sales, sales to USI electronics accounted for 15% of net sales, and sales to L3Harris Technologies accounted for 11% of net sales. For the year ended February 29, 2020, sales to Raytheon Technologies Corporation accounted for approximately 52% of net sales and sales to USI Electronics accounted for 18% of net sales.