v3.26.1
BALANCE SHEETS - USD ($)
Feb. 28, 2026
Feb. 28, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 1,118,400 $ 428,400
Restricted cash 222,000 548,100
Accounts receivable, less allowance for credit losses of $109,600 (2026) and $112,300 (2025) 861,300 2,126,000
Inventories - net 17,412,200 29,099,600
Prepaid expenses and other assets 374,600 768,100
Assets held for sale 563,600 19,277,000
Total current assets 20,552,100 52,247,200
INVENTORIES - net 20,251,700 15,592,500
PROPERTY, PLANT AND EQUIPMENT - net 6,291,200 6,398,700
DEFERRED INCOME TAX ASSET - net 0 2,536,100
OPERATING LEASE RIGHT-OF-USE ASSETS 6,716,100 1,108,100
OTHER ASSETS 500,500 431,700
TOTAL ASSETS 54,311,600 78,314,300
CURRENT LIABILITIES:    
Accounts payable 1,686,400 1,847,400
Line of credit 0 4,198,100
Deferred revenues 320,500 491,800
Operating lease liabilities, current 1,371,700 697,000
Current maturities of long-term debt 0 26,685,500
Accrued salaries and commissions 218,600 313,700
Income taxes payable 1,146,800 460,900
Other current liabilities 1,427,500 2,528,300
Total current liabilities 6,171,500 37,222,700
OPERATING LEASE LIABILITIES, noncurrent 5,344,400 411,100
OTHER LONG-TERM LIABILITIES 5,200 112,900
Total liabilities 11,521,100 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 (2026) and 8,583,201 (2025) shares 2,540,400 2,540,400
Capital in excess of par value 13,769,400 13,800,000
Retained earnings 39,628,200 37,303,000
Accumulated other comprehensive loss 0 (15,400)
Stockholders' Equity before Treasury Stock 55,938,000 53,628,000
Less treasury stock, at cost (13,147,500) (13,060,400)
Total shareholders’ equity 42,790,500 40,567,600
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 54,311,600 $ 78,314,300