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CONDENSED BALANCE SHEETS - USD ($)
Aug. 31, 2025
Feb. 28, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 754,200 $ 428,400
Restricted cash 518,100 548,100
Accounts receivable, less allowance for credit losses of $107,100 (August 31) and $112,300 (February 28) 1,768,600 2,126,000
Inventories - net 23,623,900 29,099,600
Prepaid expenses and other assets 749,900 768,100
Assets held for sale 19,309,600 19,277,000
Total current assets 46,724,300 52,247,200
INVENTORIES - net 17,037,700 15,592,500
PROPERTY, PLANT AND EQUIPMENT - net 5,879,100 6,398,700
DEFERRED INCOME TAX ASSET 3,398,700 2,536,100
OPERATING LEASE RIGHT-OF-USE ASSETS 768,200 1,108,100
OTHER ASSETS 427,800 431,700
TOTAL ASSETS 74,235,800 78,314,300
CURRENT LIABILITIES:    
Accounts payable 1,598,100 1,847,400
Line of credit 4,198,100 4,198,100
Deferred revenues 547,000 491,800
Operating lease liabilities, current 675,000 697,000
Current maturities of long-term debt 25,807,900 26,685,500
Accrued salaries and commissions 312,400 313,700
Income taxes payable 694,000 460,900
Other current liabilities 1,984,000 2,528,300
Total current liabilities 35,816,500 37,222,700
OPERATING LEASE LIABILITIES, non-current 93,200 411,100
OTHER LONG-TERM LIABILITIES 113,000 112,900
Total liabilities 36,022,700 37,746,700
SHAREHOLDERS’ EQUITY:    
Common stock, $0.20 par value; Authorized 16,000,000 shares; Issued 12,702,080 shares; Outstanding 8,583,201 (August 31 and February 28) shares 2,540,400 2,540,400
Capital in excess of par value 13,800,000 13,800,000
Retained earnings 34,933,100 37,303,000
Accumulated other comprehensive loss 0 (15,400)
Stockholders' Equity 51,273,500 53,628,000
Less treasury stock, at cost (13,060,400) (13,060,400)
Total shareholders’ equity 38,213,100 40,567,600
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 74,235,800 $ 78,314,300