XML 44 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
 6 Months Ended
Aug. 31, 2014
Aug. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 181,667 $ 179,177
Depreciation and amortization 193,613 164,421
Stock based compensation expense 23,348 9,712
Allowance for doubtful accounts 6,000 6,000
Inventory reserve 60,000 31,343
(Increase) Decrease in:    
Accounts receivable (550,300) (330,432)
Inventories (391,388) (192,622)
Prepaid expenses and other current assets 134,290 (51,522)
Increase (Decrease) in:    
Accounts payable and accrued expenses 59,638 260,280
Customer deposits 38,032 441,611
Income taxes payable (38,358) 79,693
Net Cash (Used in) Provided by Operating Activities (283,458) 597,661
CASH FLOW FROM INVESTING ACTIVITIES:    
Patent application costs (17,400) (17,621)
Purchase of equipment and furnishings (110,552) (25,461)
Proceeds from sale of equipment    38,531
Sale (Purchase) of marketable securities (509,244) 30,617
Net Cash (Used in) Investing Activities (637,196) 26,066
CASH FLOW FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options    158
Repayments of notes payable and loans (95,658) (62,379)
Net Cash (Used In) Financing Activities (95,658) (62,221)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,016,312) 561,506
CASH AND CASH EQUIVALENTS    
Beginning of period 3,232,021 1,940,906
End of period 2,215,709 2,502,412
SUPPLEMENTAL DISCLOSURE:    
Interest paid 32,310 55,244
Taxes Paid $ 127,046