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Income Taxes (Tables)

12 Months Ended

Feb. 28, 2019

Income Tax Disclosure [Abstract]

Income tax reconciliation

		February 28,
		2019				2018
Expected federal income tax		$	38,101			$	156,421
State tax, net of federal			11,430				24,383
Research and development tax credits			(19,588	)			(57,994	)
Under accrual of prior year state taxes			—				40,793
Change in recapture tax rate from 39.3% to 27.3%			—				15,343
Permanent timing difference			2,272				33,107
Change in valuation allowances			(36,425	)			(159,300	)
Other adjustments			24,057				39,103
Income tax expense		$	19,847			$	91,856

Deferred tax asset and liability components

		February 28,
		2019				2018
Deferred tax asset
Inventory		$	74,000			$	104,800
Allowance for accounts receivable			13,000				18,100
Accrued expenses and other			37,000				111,200
Research tax credits			208,000				208,300
Valuation allowance			—				(46,000	)
Deferred tax asset – Long Term			332,000				396,400
Deferred tax liability
Intangible asset amortization			(25,000	)			(25,000	)
Building and leasehold depreciation			(346,000	)			(360,400	)
Deferred tax liability – Long Term		$	(371,000	)		$	(385,400	)

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- References

No definition available.

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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