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DISAGGREGATION OF REVENUES AND MAJOR CUSTOMERS
3 Months Ended
May 31, 2021
Disaggregation of Revenue [Abstract]  
DISAGGREGATION OF REVENUES AND MAJOR CUSTOMERS

Revenues from domestic and export sales are attributed to a global geographic region according to the location of the customer’s primary manufacturing or operating facilities. Revenues from domestic and export sales to unaffiliated customers for the three months ended May 31, 2021 and May 31, 2020, respectively are as follows:

 

Geographic Region   May 31, 2021     May 31, 2020  
Europe and Australia     -       -  
Canada and Latin America     15,000       6,000  
Far East and Middle East     -       9,000  
United States     3,595,000       2,483,000  
Totals   $ 3,610,000     $ 2,498,000  

 

For the three months ended May 31, 2021 and May 31, 2020, approximately 84% and 62%, respectively, of the Company’s sales have been attributable to contracts with customers whose products are sold to the United States government. The remaining 16% and 38%, respectively of sales are for non-military, scientific and industrial applications, or to distributors where we do not have end user information.

 

Customers who contributed ten percent or more of revenues for the three months ended May 31, 2021 and May 31, 2020, respectively are as follows:

 

Customer   May 31, 2021  
Raytheon     53 %
Honeywell     11 %
Avnet / USI Electronics     14 %
Totals     78 %

 

 

Customer   May 31, 2020  
Raytheon     51 %
Avnet / USI Electronics     26 %
Totals     77 %

 

For the three months ended May 31, 2021, our top four customers accounted for 82% of accounts receivable.