XML 72 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
Feb. 29, 2020
Feb. 28, 2019
Current Assets:    
Cash and cash equivalents $ 3,659,551 $ 3,144,123
Marketable Securities 4,219,240 2,365,706
Accounts receivable (less allowance of $71,000 and $46,000, respectively) 929,701 1,397,891
Inventories, net 2,381,891 1,658,016
Prepaid expenses and other current assets 153,698 395,005
Total current assets 11,344,081 8,960,741
Land 250,000 250,000
Buildings, net 1,654,061 1,731,547
Equipment, furnishings and leasehold improvements, net 1,212,578 802,932
Intangible assets, net 106,291 122,941
Deferred tax asset 176,314 332,017
TOTAL ASSETS 14,743,325 12,200,178
Current Liabilities:    
Accounts payable 668,721 585,694
Accrued expenses 1,613,409 632,706
Customer deposits 1,648,690 1,149,558
Current maturities of long term debt 169,716 162,816
Income taxes payable 70,621 6,272
Total current liabilities 4,171,157 2,537,046
Deferred tax liability 251,761 370,757
Long term debt, less current maturities 538,000 707,715
Total liabilities 4,960,918 3,615,518
Commitments and Contingencies (Note 10)
Stockholders' Equity    
Common stock 153,482 151,976
Additional paid-in capital 9,018,406 8,929,607
Accumulated earnings (deficit) 610,519 (496,923)
Total stockholders' equity 9,782,407 8,584,660
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 14,743,325 $ 12,200,178