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BALANCE SHEETS (USD $)
Aug. 31, 2011
Feb. 28, 2011
CURRENT ASSETS:  
Cash$ 1,708,780$ 1,322,250
Certificates of Deposit152,399152,399
Accounts receivable less allowance for doubtful accounts of $14,748 and $12,128 for August 31, 2011 and February 28, 2011 respectively608,668713,906
Inventory1,089,943668,200
Prepaid expenses105,449112,937
Deferred Tax Asset27,19245,641
Total Current Assets3,692,4313,015,333
PROPERTY & EQUIPMENT, less accumulated depreciation of $1,360,342 and $1,316,822 at August 31, 2011 and February 28, 2011 respectively406,516361,360
OTHER ASSETS:  
Patents, net of accumulated amortization of $105,072 .and $102,314 at August 31, 2011 and February 28, 2011, respectively27,08029,839
Security deposit28,15628,156
Total Other Assets55,23657,995
TOTAL ASSETS4,154,1833,434,688
CURRENT LIABILITIES  
Note payable - current portion2,0021,928
Notes payable to related parties - current portion40,19639,011
Deferred capital gain - current portion22,48122,481
Accounts payable171,972158,108
Accrued expenses149,12171,330
Accrued payroll and related taxes40,82621,195
Total Current Liabilities426,598314,053
OTHER LIABILITIES  
Note payable - less current portion2,5323,552
Notes payable to related parties - less current portion458,850479,248
Deferred capital gain less current portion146,135157,375
Total Other Liabilities607,517640,175
Total Liabilities1,034,115954,228
STOCKHOLDERS' EQUITY  
Common Stock, $0.01 par value, 50,000,000 shares authorized, 38,602,667 and 36,577,667 issued and outstanding at August 31, 2011 and February 28, 2011 respectively386,027365,777
Additional paid-in Capital3,321,1353,017,809
Accumulated deficit(445,094)(761,126)
Total Stockholders' Equity before Treasury Stock3,262,0682,622,460
Less: Treasury Stock, 2,275,000 shares at cost at August 31, 2011 and February 28, 2011(142,000)(142,000)
Total Stockholders' Equity3,120,0682,480,460
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$ 4,154,183$ 3,434,688