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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
May 31, 2025
Feb. 28, 2025
Current Assets:    
Cash and cash equivalents $ 4,863,039 $ 5,202,361
Marketable securities 5,991,056 6,727,678
Accounts receivable (less allowance of $12,225, respectively) 3,096,680 2,347,764
Inventories 4,749,331 4,474,401
Prepaid expenses and other current assets 266,823 236,261
Total current assets 18,966,929 18,988,465
Land 250,000 250,000
Buildings, equipment, furnishings and leasehold improvements, net 2,511,141 2,610,600
Intangible assets, net 35,371 37,386
Deferred tax asset 1,658,882 1,525,185
TOTAL ASSETS 23,422,323 23,411,636
Current Liabilities:    
Accounts payable 700,472 859,483
Accrued expenses 1,848,018 1,718,574
Customer deposits 2,289,844 2,413,195
Income taxes payable 188,650 496,055
Total current liabilities 5,026,984 5,487,307
Deferred tax liability 122,475 132,134
Total liabilities 5,149,459 5,619,441
Commitments and Contingencies (Note 10)
Stockholders’ Equity    
Common stock, $.01 par value; 25,000,000 shares authorized, 15,751,153 issued and 15,727,702 outstanding as of May 31, 2025 and 15,751,153 issued and 15,749,037 outstanding as of February 28, 2025 157,512 157,512
Additional paid-in capital 10,093,197 10,018,034
Accumulated earnings 8,109,501 7,624,516
Treasury stock, at cost, 23,451 shares and 2,116 shares, May 31, 2025 and February 28, 2025, respectively (87,346) (7,867)
Total stockholders’ equity 18,272,864 17,792,195
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 23,422,323 $ 23,411,636