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Condensed Consolidated Balance Sheets - USD ($)
May 31, 2022
Feb. 28, 2022
Current Assets:    
Cash and cash equivalents $ 7,675,112 $ 4,840,558
Marketable securities 3,398,931 5,867,990
Accounts receivable (less allowance of $56,123) 1,486,371 1,092,505
Inventories, net 2,893,196 2,373,242
Prepaid expenses and other current assets 206,885 323,304
Total current assets 15,660,495 14,497,599
Land 250,000 250,000
Buildings, net 1,607,814 1,621,878
Equipment, furnishings and building improvements, net 904,827 939,306
Intangible assets, net 71,249 76,015
Deferred tax asset 255,412 240,736
TOTAL ASSETS 18,749,797 17,625,534
Current Liabilities:    
Accounts payable 983,130 684,511
Accrued expenses 1,688,372 1,804,028
Customer deposits 1,665,136 1,167,968
Income taxes payable 129,626 58,874
Total current liabilities 4,466,264 3,715,381
Deferred tax liability 167,215 168,840
Total liabilities 4,633,479 3,884,221
Stockholders’ Equity    
Common stock, $.01 par value; 25,000,000 shares authorized, 15,729,175 and 15,729,175 shares issued and outstanding, respectively 157,292 157,292
Additional paid-in capital 9,379,656 9,310,287
Accumulated earnings 4,579,370 4,273,734
Total stockholders’ equity 14,116,318 13,741,313
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,749,797 $ 17,625,534