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

Note 4 – INVENTORIES

 

Inventories consist of the following:

 

   May 31,
2025
   February 28,
2025
 
Current:        
Product inventory  $25,671,000   $29,530,100 
Inventory valuation allowance   (458,200)   (430,500)
Inventories net – current  $25,212,800   $29,099,600 
           
Noncurrent:          
Product inventory  $17,620,700   $16,326,500 
Inventory valuation allowance   (789,300)   (734,000)
Inventories net – noncurrent  $16,831,400   $15,592,500 

 

Inventory in transit totalled $0 and $25,500 at May 31, 2025 and February 28, 2025, respectively.

 

Product inventory quantities in excess of what we expect will be sold within the normal operating cycle, based on 2½ years of anticipated sales, are included in noncurrent inventory.