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Condensed Consolidated Balance Sheets - USD ($)
May 31, 2021
Feb. 28, 2021
Current Assets:    
Cash and cash equivalents $ 5,793,647 $ 4,084,078
Marketable securities 3,490,358 4,563,470
Accounts receivable (less allowance of $56,123) 1,168,571 1,757,802
Inventories, net 2,612,220 2,611,106
Prepaid expenses and other current assets 108,456 151,316
Total current assets 13,173,252 13,167,772
Land 250,000 250,000
Buildings, net 1,550,547 1,575,135
Equipment, furnishings and building improvements, net 1,082,634 1,075,190
Intangible assets, net 90,596 95,456
Deferred tax asset 236,120 259,838
TOTAL ASSETS 16,383,149 16,423,391
Current Liabilities:    
Accounts payable 1,188,103 1,294,483
Accrued expenses 1,388,606 1,750,916
Customer deposits 1,247,071 1,166,541
Income taxes payable 137,287 53,567
Total current liabilities 3,961,067 4,265,507
Deferred tax liability 183,011 205,562
Long term debt, less current maturities 1,001,640
Total liabilities 4,144,078 5,472,709
Stockholders’ Equity    
Common stock, $.01 par value; 25,000,000 shares authorized, 15,502,557 and 15,452,656 shares issued and outstanding, respectively 155,026 154,527
Additional paid-in capital 9,086,132 9,064,994
Accumulated earnings 2,997,913 1,731,161
Total stockholders’ equity 12,239,071 10,950,682
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 16,383,149 $ 16,423,391