DISAGGREGATION OF REVENUES AND MAJOR CUSTOMERS

6 Months Ended

Aug. 31, 2022

DISAGGREGATION OF REVENUES AND MAJOR CUSTOMERS

DISAGGREGATION OF REVENUES AND MAJOR CUSTOMERS

6. DISAGGREGATION OF REVENUE 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 August 31, 2022 and August 31, 2021, respectively, are as follows:

Geographic Region	August 31, 2022		August 31, 2021
Europe and Australia	$	224,000	$	-
Canada and Latin America		2,000		5,000
Far East and Middle East		-		-
United States		1,961,000		4,225,000
Totals	$	2,187,000	$	4,230,000

Revenues from domestic and export sales to unaffiliated customers for the six months ended August 31, 2022 and August 31, 2021, respectively are as follows:

Geographic Region	August 31, 2022		August 31, 2021
Europe and Australia	$	459,000	$	-
Canada and Latin America		19,000		20,000
Far East and Middle East		-		-
United States		3,845,000		7,820,000
Totals	$	4,323,000	$	7,840,000

For the three months ended August 31, 2022 and August 31, 2021, approximately 81% and 89%, respectively, of the Company’s sales are attributable to contracts with customers whose products are sold to the United States government.  The remaining 19% and 11%, respectively of sales are for non-military, scientific and industrial applications, or to distributors where we do not have end user information.

For the six months ended August 31, 2022 and August 31, 2021, approximately 80% and 87%, respectively, of the Company’s sales are attributable to contracts with customers whose products are sold to the United States government.  The remaining 20% and 13%, respectively of sales are for nonmilitary, 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 August 31, 2022 and August 31, 2021, respectively are as follows:

Customer	August 31, 2022			Customer	August 31, 2021
1. Raytheon		34	%	1. Raytheon		50	%
2. Nasco Aerospace		12	%	2. L3Harris		24	%
3. Intracom Defense Electronics		10	%
4. L3Harris		10	%
Totals		66	%	Totals		74	%

Customers who contributed ten percent or more of revenues for the six months ended August 31, 2022 and August 31, 2021, respectively are as follows:

Customer	August 31, 2022			Customer	August 31, 2021
1. Raytheon		41	%	1. Raytheon		51	%
2. Intracom Defense Electronics		11	%	2. L3Harris		15	%
				3. Avnet / USI Electronics		12	%
Totals		52	%	Totals		78	%

As of August 31, 2022, and February 28, 2022, our top four customers accounted for 67% and 77% of accounts receivable, respectively.