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Income Taxes | 12 Months Ended
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Feb. 28, 2014
Income Tax Disclosure [Abstract] |
Income Taxes | NOTE 12: INCOME TAXES The annual provision (benefit) for income taxes differs from amounts computed by applying the maximum U.S. Federal income tax rate of 34% to pre-tax income as follows:
|  | February 28, 2014 |  | February 28, 2013
Expected federal income tax |  | $ | 208,088 |  |  | $ | 47,155 |
State tax, net of federal |  |  | 12,100 |  |  |  | 6,736 |
Permanent timing difference |  |  | (6,771 | ) |  |  | 19,409 |
State tax credits |  |  | — |  |  |  | (76,137 | )
Utilization of net operating loss carryforwards and research and development tax credits |  |  | (82,927 | ) |  |  | (71,569 | )
Income tax (benefit) |  | $ | 130,490 |  |  | $ | (74,406 | )
Current federal and state income taxes |  | $ | 130,490 |  |  | $ | 5,585 |
Recognition of deferred tax assets |  |  | — |  |  |  | (3,854 | )
State tax credits |  |  | — |  |  |  | (76,137 | )
Income tax (benefit) |  | $ | 130,490 |  |  | $ | (74,406 | )
The net deferred tax asset is comprised of the following:
|  | February 28, |  | February 28,
|  | 2014 |  | 2013
Inventory |  | $ | 103,000 |  |  | $ | 129,000 |
Allowance for accounts receivable |  |  | 13,000 |  |  |  | 8,000 |
Accrued expenses and other |  |  | 59,000 |  |  |  | 111,000 |
Research tax credits |  |  | 117,000 |  |  |  | 100,000 |
Deferred tax asset |  |  | 292,000 |  |  |  | 348,000 |
Deferred tax liability |  |  | (202,000 | ) |  |  | (258,000 | )
Net deferred tax asset |  | $ | 90,000 |  |  | $ | 90,000 |
At February 28, 2014 and 2013, the Company had no net operating loss carryforwards remaining but has $117,000 and $100,000 of research and development tax credits, respectively, being carried forward.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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