v3.26.1
CONDENSED BALANCE SHEETS - USD ($)
May 31, 2026
Feb. 28, 2026
CURRENT ASSETS:    
Cash and cash equivalents $ 1,662,500 $ 1,118,400
Restricted cash 147,000 222,000
Accounts receivable, less allowance for credit losses of $73,000 (May 31) and $109,600 (February 28) 570,500 861,300
Inventories - net 16,059,900 17,412,200
Prepaid expenses and other assets 496,400 374,600
Assets held for sale 450,000 563,600
Total current assets 19,386,300 20,552,100
INVENTORIES - net 20,149,200 20,251,700
PROPERTY, PLANT AND EQUIPMENT - net 6,120,800 6,291,200
OPERATING LEASE RIGHT-OF-USE ASSETS 6,742,000 6,716,100
OTHER ASSETS 480,900 500,500
TOTAL ASSETS 52,879,200 54,311,600
CURRENT LIABILITIES:    
Accounts payable 1,618,200 1,686,400
Deferred revenues 417,000 320,500
Operating lease liabilities, current 1,315,900 1,371,700
Accrued salaries and commissions 311,700 218,600
Income taxes payable 1,153,600 1,146,800
Other current liabilities 1,241,600 1,427,500
Total current liabilities 6,058,000 6,171,500
OPERATING LEASE LIABILITIES, noncurrent 5,426,100 5,344,400
OTHER LONG-TERM LIABILITIES 200 5,200
Total liabilities 11,484,300 11,521,100
SHAREHOLDERS’ EQUITY:    
Common stock, $0.20 par value; Authorized 16,000,000 shares; Issued 12,702,080 shares; Outstanding 8,511,364 (May 31 and February 28) shares 2,540,400 2,540,400
Capital in excess of par value 13,769,400 13,769,400
Retained earnings 38,232,600 39,628,200
Stockholders' Equity before Treasury Stock 54,542,400 55,938,000
Less treasury stock, at cost (13,147,500) (13,147,500)
Total shareholders’ equity 41,394,900 42,790,500
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 52,879,200 $ 54,311,600