v3.26.1
Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
May 31, 2026
Feb. 28, 2026
CURRENT ASSETS    
Cash and cash equivalents $ 6,036,000 $ 3,914,000
Marketable securities 0 2,000
Accounts receivable 3,001,000 3,367,000
Inventories, net 4,567,000 4,132,000
Prepaid expenses and other current assets 323,000 142,000
TOTAL CURRENT ASSETS 13,927,000 11,557,000
Property, plant and equipment, net 8,343,000 8,383,000
Intangible assets 2,643,000 2,695,000
Deferred tax asset 975,000 1,332,000
Long-term investment 1,650,000 1,650,000
Other assets 39,000 323,000
TOTAL ASSETS 27,577,000 25,940,000
CURRENT LIABILITIES    
Accounts payable 602,000 470,000
Customer deposits 77,000 64,000
Accrued contingent consideration, current 1,119,000 771,000
Mortgage loans, current portion 161,000 160,000
Accrued expenses and other current liabilities 1,156,000 1,067,000
TOTAL CURRENT LIABILITIES 3,115,000 2,532,000
Mortgage loans, net of current portion 3,562,000 3,605,000
TOTAL LIABILITIES 6,677,000 6,137,000
STOCKHOLDERS’ EQUITY    
Preferred stock, $.01 par value, authorized 500,000 shares, none issued 0 0
Common stock, $.01 par value, authorized 10,000,000 shares, 2,152,703 shares outstanding, net of 431,677 treasury shares at May 31, 2026 and 2,147,703 shares outstanding, net of 436,677 treasury shares at February 28, 2026, respectively 22,000 21,000
Additional paid-in capital 1,987,000 1,987,000
Retained Earnings 19,237,000 18,247,000
Less treasury stock (346,000) (452,000)
TOTAL STOCKHOLDERS’ EQUITY 20,900,000 19,803,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 27,577,000 $ 25,940,000