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Income Taxes (Tables)

12 Months Ended

Feb. 29, 2020

Income Tax Disclosure [Abstract]

Income tax reconciliation

		February 29, 2020				February 28, 2019
Expected federal income tax		$	254,898			$	38,101
State tax, net of federal			19,758				11,430
Research and development tax credits			(213,521	)			(19,588	)
Permanent timing difference			29,632				2,272
Change in valuation allowances			15,238				(36,425	)
Other adjustments			—				24,057
Income tax expense		$	106,005			$	19,847

Deferred tax asset and liability components

		February 29, 2020				February 28, 2019
Deferred tax asset
Inventory		$	41,000			$	74,000
Allowance for accounts receivable			15,000				13,000
Accrued expenses and other			94,000				37,000
Research tax credits			27,000				208,000
Deferred tax asset – Long Term			177,000				332,000
Deferred tax liability
Intangible asset amortization			—				(25,000	)
Building and leasehold depreciation			(252,000	)			(346,000	)
Deferred tax liability – Long Term		$	(252,000	)		$	(371,000	)

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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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