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INCOME TAXES (Tables)

12 Months Ended

Feb. 28, 2025

Income Tax Disclosure [Abstract]

Income taxes - income tax reconciliation

The annual provision (benefit) for income taxes differs from amounts computed by applying the maximum U.S. Federal income tax rate of 21% to pre-tax income as follows:

 Income taxes - income tax reconciliation

		February 28, 2025				February 29, 2024
Expected federal income tax		$	322,159			$	366,362
State tax, net of federal			30,884				52,510
Research and development tax credits			(151,529	)			(161,525	)
Permanent differences:
Non-Deductible equity based compensation			52,007				42,751
Other			7,157				3,019
Income tax expense		$	260,678			$	303,117

Income taxes - current and deferred tax expense

Components of the current and deferred tax expense are as follows:

 Income taxes - current and deferred tax expense

		February 28, 2025				February 29, 2024
Current:
Federal		$	548,743			$	716,003
State			78,543				123,743
Total current income tax			627,286				839,746
Deferred:
Federal			(318,949	)			(471,396	)
State			(47,659	)			(65,233	)
Total deferred income tax			(366,608	)			(536,629	)
Income tax expense		$	260,678			$	303,117

Income taxes - deferred tax asset and liability components

The deferred tax asset and liability are comprised of the following:

 Income taxes - deferred tax asset and liability components

		February 28, 2025				February 29, 2024
Deferred tax asset
Allowance for inventory		$	92,000			$	91,000
Allowance for accounts receivable			3,000				3,000
Capitalized R&D expenses – IRC Section 174			1,277,000				985,000
Accrued expenses and other			154,000				177,000
Research & Development tax credits - Massachusetts			383,000				303,000
Sub-total deferred tax asset			1,909,000				1,559,000
Less valuation allowance – Massachusetts R&D tax credits			(383,000	)			(303,000	)
Deferred tax asset – Long Term		$	1,526,000			$	1,256,000
Deferred tax liability
Building and leasehold depreciation			(132,000	)			(230,000	)
Deferred tax liability – Long Term		$	(132,000	)		$	(230,000	)

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- References

No definition available.

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

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