REVOLVING LINE OF CREDIT	9 Months Ended
Nov. 30, 2024
Debt Disclosure [Abstract]
REVOLVING LINE OF CREDIT	NOTE 7: REVOLVING LINE OF CREDIT The Company has a $1,500,000 revolving line of credit at prime which was 7.75% at November 30, 2024 and 8.50% at February 29, 2024. The revolving credit line is collateralized by the Company’s accounts receivable and inventory. The revolving credit line is payable on demand and must be retired for a 30-day period, once annually. If the Company fails to perform the 30-day annual pay down or if the bank elects to terminate the credit line, the bank may, at its option, convert the outstanding balance to a 36-month term note with payments including interest in 36 equal installments. As of November 30, 2024, $38,640 of the Company’s credit line was being utilized to collateralize Letters of Credit issued by the Company. As of November 30, 2024, there were no outstanding borrowings under the line of credit and the unused portion of the credit line was $1,461,360. The Company has a $750,000 equipment line of credit at prime plus 0.50%, which was 7.75% at November 30, 2024. At November 30, 2024, there were no outstanding borrowings under the equipment line of credit.

REVOLVING LINE OF CREDIT

9 Months Ended

Nov. 30, 2024

NOTE 7: REVOLVING LINE OF CREDIT

The Company has a $1,500,000 revolving line of credit at prime which was 7.75% at November 30, 2024 and 8.50% at February 29, 2024. The revolving credit line is collateralized by the Company’s accounts receivable and inventory. The revolving credit line is payable on demand and must be retired for a 30-day period, once annually. If the Company fails to perform the 30-day annual pay down or if the bank elects to terminate the credit line, the bank may, at its option, convert the outstanding balance to a 36-month term note with payments including interest in 36 equal installments.

As of November 30, 2024, $38,640 of the Company’s credit line was being utilized to collateralize Letters of Credit issued by the Company. As of November 30, 2024, there were no outstanding borrowings under the line of credit and the unused portion of the credit line was $1,461,360.

The Company has a $750,000 equipment line of credit at prime plus 0.50%, which was 7.75% at November 30, 2024. At November 30, 2024, there were no outstanding borrowings under the equipment line of credit.