v3.25.4
CONDENSED BALANCE SHEETS - USD ($)
Nov. 30, 2025
Feb. 28, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 3,108,400 $ 428,400
Restricted cash 322,000 548,100
Accounts receivable, less allowance for credit losses of $99,000 (November 30) and $112,300 (February 28) 759,700 2,126,000
Inventories - net 22,486,700 29,099,600
Prepaid expenses and other assets 434,100 768,100
Assets held for sale 563,600 19,277,000
Total current assets 27,674,500 52,247,200
INVENTORIES - net 16,652,700 15,592,500
PROPERTY, PLANT AND EQUIPMENT - net 6,495,600 6,398,700
DEFERRED INCOME TAX ASSET 1,177,600 2,536,100
OPERATING LEASE RIGHT-OF-USE ASSETS 6,945,000 1,108,100
OTHER ASSETS 510,200 431,700
TOTAL ASSETS 59,455,600 78,314,300
CURRENT LIABILITIES:    
Accounts payable 2,048,200 1,847,400
Line of credit 0 4,198,100
Deferred revenues 696,000 491,800
Current maturities of long-term debt 0 26,685,500
Accrued salaries and commissions 629,300 313,700
Income taxes payable 1,313,500 460,900
Operating lease liabilities, current 1,532,800 697,000
Other current liabilities 1,918,800 2,528,300
Total current liabilities 8,138,600 37,222,700
OPERATING LEASE LIABILITIES, non-current 5,412,200 411,100
OTHER LONG-TERM LIABILITIES 7,300 112,900
Total liabilities 13,558,100 37,746,700
SHAREHOLDERS’ EQUITY:    
Common stock, $0.20 par value; Authorized 16,000,000 shares; Issued 12,702,080 shares; Outstanding 8,511,364 (November 30) and 8,583,201 (February 28) shares 2,540,400 2,540,400
Capital in excess of par value 13,769,400 13,800,000
Retained earnings 42,735,200 37,303,000
Accumulated other comprehensive loss 0 (15,400)
Stockholders' Equity 59,045,000 53,628,000
Less treasury stock, at cost (13,147,500) (13,060,400)
Total shareholders’ equity 45,897,500 40,567,600
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 59,455,600 $ 78,314,300