v3.26.1
Note 4 - Inventories
 3 Months Ended
May 31, 2026
Notes to Financial Statements  
Inventory Disclosure [Text Block]

4.

INVENTORIES

 

As of May 31, 2026, inventories consist of the following:

 

  

Gross

  

Reserve

  

Net

 

Raw Materials

 $3,456,000  $(551,000) $2,905,000 

Work-In-Process

  5,416,000   (4,021,000)  1,395,000 

Finished Goods

  753,000   (486,000)  267,000 

Totals

 $9,625,000  $(5,058,000) $4,567,000 

 

 

As of February 28, 2026, inventories consist of the following:

 

  

Gross

  

Reserve

  

Net

 

Raw Materials

 $3,275,000  $(534,000) $2,741,000 

Work-In-Process

  5,245,000   (4,017,000)  1,228,000 

Finished Goods

  646,000   (483,000)  163,000 

Totals

 $9,166,000  $(5,034,000) $4,132,000 

 

 

Wafer bank inventory (completed wafers that are available to be consumed in the Company’s products), net of reserves, totaled $61,000 as of May 31, 2026 and $61,000 as of February 28, 2026. As of May 31, 2026, 100% of the wafer bank inventory consisted of wafers manufactured between calendar year 2018 and 2022. We do not expect all of our wafer inventory to be consumed within twelve months; however, since it is not possible to know which wafers will or will not be used, we classify all our inventory as current.