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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
May 31, 2023
Feb. 28, 2023
Current Assets:    
Cash and cash equivalents $ 4,294,339 $ 3,354,601
Marketable securities 7,847,008 8,090,000
Accounts receivable (less allowance of $12,225) 1,141,476 1,633,866
Inventories 3,755,057 3,242,909
Prepaid expenses and other current assets 189,300 254,046
Total current assets 17,227,180 16,575,422
Land 250,000 250,000
Buildings, equipment, furnishings and leasehold improvements, net 2,642,801 2,624,996
Intangible assets, net 53,193 57,202
Deferred tax asset 726,777 667,098
TOTAL ASSETS 20,899,951 20,174,718
Current Liabilities:    
Accounts payable 933,630 810,863
Accrued expenses 1,339,289 1,427,446
Customer deposits 3,610,575 2,838,165
Income taxes payable 262,571 381,421
Total current liabilities 6,146,065 5,457,895
Deferred tax liability 18,227 82,865
Total liabilities 6,164,292 5,540,760
Commitments and Contingencies (Note 9)
Stockholders’ Equity    
Common stock, $.01 par value; 25,000,000 shares authorized, 15,742,073 and 15,742,073 shares issued and outstanding, respectively 157,421 157,421
Additional paid-in capital 9,615,193 9,566,898
Accumulated earnings 4,963,045 4,909,639
Total stockholders’ equity 14,735,659 14,633,958
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 20,899,951 $ 20,174,718