XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
STATEMENTS OF EARNINGS - USD ($)
12 Months Ended
Feb. 28, 2023
Feb. 28, 2022
NET REVENUES $ 87,829,000 $ 142,228,800
COST OF GOODS SOLD 31,759,200 44,297,500
Gross margin 56,069,800 97,931,300
OPERATING EXPENSES:    
Operating and selling 15,780,600 23,010,400
Sales commissions 25,676,100 44,377,500
General and administrative 17,195,100 20,302,200
Total operating expenses 58,651,800 87,690,100
INTEREST EXPENSE 2,172,300 916,400
OTHER INCOME (1,327,400) (1,911,100)
EARNINGS BEFORE INCOME TAXES (3,426,900) 11,235,900
INCOME TAXES (922,000) 2,929,100
NET EARNINGS $ (2,504,900) $ 8,306,800
BASIC AND DILUTED EARNINGS (LOSS) PER SHARE:    
Basic (in Dollars per share) $ (0.31) $ 1.03
Diluted (in Dollars per share) $ (0.31) $ 0.98
WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING:    
Basic (in Shares) 8,157,704 8,039,843
Diluted (in Shares) 8,157,704 8,452,340
Dividends per share (in Dollars per share) $ 0 $ 0.4
Gross Sales [Member]    
REVENUES $ 122,691,900 $ 187,466,800
Discounts and Allowances [Member]    
Less discounts and allowances (41,895,500) (59,109,300)
Transportation Revenue [Member]    
REVENUES $ 7,032,600 $ 13,871,300