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INVENTORIES
 3 Months Ended
May 31, 2025
Inventory Disclosure [Abstract]  
INVENTORIES

NOTE 4: INVENTORIES

 

Inventories consist of the following:

   May 31,   February 28, 
   2025   2025 
Raw materials and subassemblies  $1,997,796   $2,322,821 
Finished goods   1,111,226    1,012,600 
Work in process   1,640,309    1,138,980 
Total  $4,749,331   $4,474,401 

 

The Company maintains a valuation allowance for slow moving inventory for raw materials and finished goods. The valuation allowance creates a new cost basis for the inventory, and it is not subsequently marked up through a reduction in the valuation allowance based on any changes in the underlying facts and circumstances. When the valuation allowance is initially recorded, the increase to the allowance is recognized as an increase in cost of sales. The valuation allowance is only reduced if or when the underlying inventory is sold or destroyed, at which time cost of sales recognized would include the previous adjusted cost basis. During the three months ended May 31, 2025 and May 31, 2024, the Company recorded approximately $99,000 and $12,000, respectively, in additional allowances for slow moving inventory.