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Consolidated Balance Sheets - USD ($)
Feb. 28, 2022
Feb. 28, 2021
Current Assets:    
Cash and cash equivalents $ 4,840,558 $ 4,084,078
Marketable securities 5,867,990 4,563,470
Accounts receivable (less allowance of $56,123) 1,092,505 1,757,802
Inventories, net 2,373,242 2,611,106
Prepaid expenses and other current assets 323,304 151,316
Total current assets 14,497,599 13,167,772
Land 250,000 250,000
Buildings, net 1,621,878 1,575,135
Equipment, furnishings and leasehold improvements, net 939,306 1,075,190
Intangible assets, net 76,015 95,456
Deferred tax asset 240,736 259,838
TOTAL ASSETS 17,625,534 16,423,391
Current Liabilities:    
Accounts payable 684,511 1,294,483
Accrued expenses 1,804,028 1,750,916
Customer deposits 1,167,968 1,166,541
Income taxes payable 58,874 53,567
Total current liabilities 3,715,381 4,265,507
Deferred tax liability 168,840 205,562
Long term debt, less current maturities 1,001,640
Total Liabilities 3,884,221 5,472,709
Stockholders’ Equity    
Common stock, $.01 par value; 25,000,000 shares authorized, 15,729,175 and 15,452,656 issued and outstanding as February 28, 2022, and 2021, respectively 157,292 154,527
Additional paid-in capital 9,310,287 9,064,994
Accumulated earnings 4,273,734 1,731,161
Total stockholders’ equity 13,741,313 10,950,682
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 17,625,534 $ 16,423,391