CONDENSED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Aug. 31, 2022 |
Aug. 31, 2021 |
Aug. 31, 2022 |
Aug. 31, 2021 |
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| NET REVENUES | $ 19,418,300 | $ 32,994,400 | $ 42,579,200 | $ 73,802,300 |
| COST OF GOODS SOLD | 6,939,700 | 10,498,900 | 14,791,300 | 22,528,800 |
| Gross margin | 12,478,600 | 22,495,500 | 27,787,900 | 51,273,500 |
| OPERATING EXPENSES | ||||
| Operating and selling | 3,798,800 | 5,239,900 | 7,569,400 | 11,682,500 |
| Sales commissions | 5,635,700 | 10,105,200 | 12,507,500 | 23,072,000 |
| General and administrative | 4,017,600 | 4,793,900 | 8,401,900 | 9,932,800 |
| Total operating expenses | 13,452,100 | 20,139,000 | 28,478,800 | 44,687,300 |
| INTEREST EXPENSE | 528,100 | 213,700 | 916,200 | 381,500 |
| OTHER INCOME | (396,000) | (515,300) | (786,700) | (1,114,000) |
| EARNINGS BEFORE INCOME TAXES | (1,105,600) | 2,658,100 | (820,400) | 7,318,700 |
| INCOME TAXES | (303,700) | 759,900 | (234,300) | 1,982,400 |
| NET EARNINGS | $ (801,900) | $ 1,898,200 | $ (586,100) | $ 5,336,300 |
| BASIC AND DILUTED EARNINGS (LOSS) PER SHARE | ||||
| Basic (in Dollars per share) | $ (0.1) | $ 0.24 | $ (0.07) | $ 0.66 |
| Diluted (in Dollars per share) | $ (0.1) | $ 0.23 | $ (0.07) | $ 0.63 |
| WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING | ||||
| Basic (in Shares) | 8,081,807 | 8,028,594 | 8,084,117 | 8,028,929 |
| Diluted (in Shares) | 8,081,807 | 8,435,348 | 8,084,117 | 8,458,664 |
| Dividends per share (in Dollars per share) | $ 0 | $ 0.1 | $ 0 | $ 0.2 |
| Gross Sales [Member] | ||||
| REVENUES | $ 27,769,500 | $ 44,187,100 | $ 59,107,700 | $ 96,578,700 |
| Discounts and Allowances [Member] | ||||
| Less discounts and allowances | (9,908,100) | (14,513,500) | (19,993,300) | (30,467,600) |
| Transportation Revenue [Member] | ||||
| REVENUES | $ 1,556,900 | $ 3,320,800 | $ 3,464,800 | $ 7,691,200 |
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- Definition Total deduction from sales during the period arising from goods returned by customers (other than under warranty provisions) and price reductions (allowance, price protection agreements) given by the entity. Returns and allowances are a deduction from gross revenue in arriving at net revenue. No definition available.
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- References No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition Amount of revenue and income classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Primarily represents commissions incurred in the period based upon the sale by commissioned employees or third parties of the entity's goods or services, and fees for sales assistance or product enhancements performed by third parties (such as a distributor or value added reseller). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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