v3.26.1
INVENTORIES
12 Months Ended
Feb. 28, 2026
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]

4. INVENTORIES

 

Inventories consist of the following at:

 

   February 28, 
   2026   2025 
Current:        
Product inventory  $17,771,000   $29,530,100 
Inventory valuation allowance   (358,800)   (430,500)
Inventories net - current  $17,412,200   $29,099,600 
           
Noncurrent:          
Product inventory  $21,056,700   $16,326,500 
Inventory valuation allowance   (805,000)   (734,000)
Inventories net - noncurrent  $20,251,700   $15,592,500 

 

Inventory in transit totaled $147,900 and $25,500 at February 28, 2026 and February 28, 2025, respectively.

 

Product inventory quantities in excess of what we expect will be sold within the normal operating cycle, based on 2 ½ years of anticipated sales, are included in noncurrent inventory.