v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 29, 2024
Cash Flows From Operating Activities      
Net Loss $ (4,560) $ (6,122) $ (4,172)
Less: Earnings from discontinued operations, net of tax 0 0 704
Loss from continuing operations (4,560) (6,122) (4,876)
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:      
Depreciation and amortization 1,405 950 887
Deferred income taxes 187 0 0
Debt issuance costs 21 7 0
Increase (decrease) in inventory reserves (355) 322 189
Provision for credit losses on accounts and notes receivable (179) (27) (402)
Gain on sale or disposal of property and equipment 0 (247) (37)
Expense recorded for stock compensation 332 273 438
Changes in operating assets and liabilities:      
Accounts receivable 927 (1,194) 227
Refundable income taxes 6 (18) 299
Inventories 1,168 (297) (879)
Other current assets (438) 50 (101)
Accounts payable 32 1,109 975
Accrued liabilities (293) (1,316) 999
Contract liabilities (63) (85) (115)
Net cash used in operating activities of continuing operations (1,810) (6,595) (2,396)
Net cash used in operating activities of discontinued operations 0 0 (39)
Net cash used in operating activities (1,810) (6,595) (2,435)
Cash Flows from Investing Activities      
Addition to notes receivable 0 0 (136)
Repayments received on notes receivable 97 201 164
Proceeds from the sale or distribution of assets 0 2,265 112
Purchases of property and equipment (569) (3,762) (3,017)
Acquisition of company-owned store (165) 0 0
Increase in other assets (127) (359) 0
Other 0 0 9
Net cash used in investing activities of continuing operations (764) (1,655) (2,868)
Net cash provided by investing activities of discontinued operations 0 0 1,418
Net cash used in investing activities (764) (1,655) (1,450)
Cash Flows from Financing Activities      
Proceeds from line of credit 0 2,200 1,250
Proceeds from notes payable 1,800 6,000 0
Payment on line of credit 0 (3,450) 0
Payment on notes payable (1,200) 0 0
Payment of debt issuance costs (10) (50) 0
Stock issuance costs (218) 0 0
Issuance of common stock through securities purchase agreement 2,700 2,188 0
Net cash provided by financing activities 3,072 6,888 1,250
Net Increase (Decrease) in Cash and Cash Equivalents 498 (1,362) (2,635)
Cash and Cash Equivalents, Beginning of Year 720 2,082 4,717
Cash and Cash Equivalents, End of Year $ 1,218 $ 720 $ 2,082