XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statement of Cash Flows - USD ($)
 3 Months Ended
May 31, 2022
May 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 305,636 $ 1,266,752
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 107,640 107,553
Stock based compensation expense 69,369 21,637
Inventory reserve 31,000
Paycheck Protection Program Loan Forgiveness (1,005,372)
Unrealized loss on marketable securities 11,853
Deferred tax expense (14,676) 1,167
(Decrease) Increase in:    
Accounts receivable (393,866) 589,231
Inventories (519,955) (32,114)
Prepaid expenses and other current assets (116,419) (42,860)
Accounts payable and accrued expenses 182,963 (464,960)
Customer deposits 497,168 80,530
Income taxes payable 69,127 83,721
Net Cash Provided by Operating Activities 431,678 722,005
Purchase of equipment, furnishings and leasehold improvements (54,331) (85,548)
Sale of marketable securities 2,457,207 1,073,112
Net Cash Provided by Investing Activities 2,402,876 987,564
NET INCREASE IN CASH AND CASH EQUIVALENTS 2,834,554 1,709,569
CASH AND CASH EQUIVALENTS    
Beginning of period 4,840,558 4,084,078
End of period 7,675,112 5,793,647
SUPPLEMENTAL CASH FLOW DISCLOSURE:    
Interest paid
Taxes Paid $ 16,000