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Consolidated Balance Sheets (USD $)
Nov. 30, 2011
Feb. 28, 2011
Current Assets:    
Cash and cash equivalents $ 2,207,583 $ 1,683,801
Marketable Securities 253,309 249,100
Accounts receivable (less allowance of $35,000 and $26,000 at November 30 and February 28, respectively) 632,729 976,339
Inventories, net 2,852,710 1,868,144
Prepaid expenses and other current assets 81,258 131,404
Total current assets 6,027,589 4,908,788
Land 250,000 250,000
Buildings, net 2,244,108 2,280,175
Equipment, furnishings and leasehold improvements, net 362,224 414,210
Intangible assets, net 83,410 79,150
Other assets 6,542 6,542
TOTAL ASSETS 8,973,873 7,938,865
Current Liabilities:    
Accounts payable 516,315 643,315
Accrued expenses 560,793 507,517
Customer deposits 406,215 373,577
Current maturities of long term debt 120,303 62,247
Total current liabilities 1,603,626 1,586,656
Long term debt, less current maturities 2,143,797 2,035,579
Total liabilities 3,747,423 3,622,235
Stockholders’ Equity    
Common stock, $.01 par value; 25,000,000 shares authorized, 14,442,211 and 14,441,511 shares issued and outstanding, respectively at November 30 and February 28 144,425 144,416
Additional paid-in capital 8,637,010 8,599,122
Accumulated deficit (3,554,985) (4,426,908)
Total stockholders’ equity 5,226,450 4,316,630
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 8,973,873 $ 7,938,865