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CONSOLIDATED BALANCE SHEETS - USD ($)
Feb. 28, 2023
Feb. 28, 2022
Current Assets:    
Cash and cash equivalents $ 3,354,601 $ 4,840,558
Marketable securities 8,090,000 5,867,990
Accounts receivable (less allowance of $12,225 and 56,123, respectively) 1,633,866 1,092,505
Inventories 3,242,909 2,373,242
Prepaid expenses and other current assets 254,046 323,304
Total current assets 16,575,422 14,497,599
Land 250,000 250,000
Buildings, equipment, furnishings and leasehold improvements, net 2,624,996 2,561,184
Intangible assets, net 57,202 76,015
Deferred tax asset 667,098 240,736
TOTAL ASSETS 20,174,718 17,625,534
Current Liabilities:    
Accounts payable 810,863 684,511
Accrued expenses 1,427,446 1,804,028
Customer deposits 2,838,165 1,167,968
Income taxes payable 381,421 58,874
Total current liabilities 5,457,895 3,715,381
Deferred tax liability 82,865 168,840
Total Liabilities 5,540,760 3,884,221
Stockholders’ Equity    
Common stock, $.01 par value; 25,000,000 shares authorized, 15,742,073 and 15,729,175 issued and outstanding as February 28, 2023, and 2022, respectively 157,421 157,292
Additional paid-in capital 9,566,898 9,310,287
Accumulated earnings 4,909,639 4,273,734
Total stockholders’ equity 14,633,958 13,741,313
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 20,174,718 $ 17,625,534