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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Aug. 31, 2021
Aug. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 1,610,576 $ 345,691
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 224,233 214,280
Stock based compensation expense 40,717 16,003
Inventory reserve (24,919) 36,000
Paycheck Protection Program Loan Forgiveness (1,005,372)
Deferred tax expense 1,167
(Decrease) Increase in:    
Accounts receivable 275,468 (418,947)
Inventories (287,830) (116,157)
Prepaid expenses and other current assets 27,101 58,863
Accounts payable and accrued expenses (563,094) (250,099)
Customer deposits 750,243 (660,588)
Income taxes payable 148,622 (6,878)
Net Cash Provided by (Used in) Operating Activities 1,196,912 (781,832)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment, furnishings and leasehold improvements (147,230) (290,347)
Capital expenditure grant proceeds 100,000
Sale (purchase) of marketable securities 1,009,346 366,639
Net Cash Provided by Investing Activities 862,116 176,292
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from note payable 1,001,640
Repayment of long term debt (84,040)
Net Cash Provided by Financing Activities 917,600
NET INCREASE IN CASH AND CASH EQUIVALENTS 2,059,028 312,060
CASH AND CASH EQUIVALENTS    
Beginning of period 4,084,078 3,659,551
End of period 6,143,106 3,971,611
SUPPLEMENTAL CASH FLOW DISCLOSURE:    
Interest paid 13,972
Income Taxes Paid $ 47,488 $ 74,004