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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Feb. 28, 2019
Feb. 28, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 6,678,400 $ 5,214,700
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 1,455,800 1,251,000
Deferred income taxes, net 735,700 264,900
Provision for doubtful accounts 74,100 510,900
Provision for inventory valuation allowance 140,700 311,800
Share-based compensation expense 401,800 0
Changes in assets and liabilities:    
Accounts receivable (419,100) (407,700)
Inventories, net (7,106,800) 7,079,000
Prepaid expenses and other assets (337,100) (412,300)
Accounts payable 2,399,100 (5,096,300)
Accrued salaries and commissions, and other liabilities 694,000 177,400
Deferred revenues 272,600 59,900
Income taxes payable (1,042,400) 279,400
Total adjustments (2,731,600) 4,018,000
Net cash provided by operating activities 3,946,800 9,232,700
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (1,399,400) (1,437,700)
Net cash used in investing activities (1,399,400) (1,437,700)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on long-term debt (929,700) (1,877,000)
Proceeds from long-term debt 0 1,019,000
Cash received from sale of treasury stock 342,700 42,100
Cash used to purchase treasury stock (256,500) (98,400)
Cash proceeds from issuance of stock options 0 26,300
Net payments on line of credit 0 (4,882,900)
Dividends paid (1,227,900) 0
Net cash used in financing activities (2,071,400) (5,770,900)
NET INCREASE IN CASH AND CASH EQUIVALENTS 476,000 2,024,100
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 2,723,300 699,200
CASH AND CASH EQUIVALENTS - END OF PERIOD 3,199,300 2,723,300
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid for interest 926,900 1,116,500
Cash paid for income taxes 2,874,300 2,073,600
NON-CASH TRANSACTIONS:    
Accrued capital expenditures $ 0 $ 639,500