v3.25.4
INVENTORIES
9 Months Ended
Nov. 30, 2025
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]

Note 4 – INVENTORIES

 

Inventories consist of the following:

 

   November 30,
2025
   February 28,
2025
 
Current:        
Product inventory  $22,962,000   $29,530,100 
Inventory valuation allowance   (475,300)   (430,500)
Inventories net – current  $22,486,700   $29,099,600 
           
Noncurrent:          
Product inventory  $17,467,200   $16,326,500 
Inventory valuation allowance   (814,500)   (734,000)
Inventories net – noncurrent  $16,652,700   $15,592,500 

 

Inventory in transit totalled $132,400 and $25,500 at November 30, 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.