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INVENTORIES
6 Months Ended
Aug. 31, 2025
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]

Note 4 – INVENTORIES

 

Inventories consist of the following:

 

    August 31,
2025
    February 28,
2025
 
Current:            
Product inventory   $ 24,086,100     $ 29,530,100  
Inventory valuation allowance     (462,200 )     (430,500 )
Inventories net – current   $ 23,623,900     $ 29,099,600  
                 
Noncurrent:                
Product inventory   $ 17,827,100     $ 16,326,500  
Inventory valuation allowance     (789,400 )     (734,000 )
Inventories net – noncurrent   $ 17,037,700     $ 15,592,500  

 

Inventory in transit totalled $0 and $25,500 at August 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.