v3.26.3
CONDENSED BALANCE SHEETS - USD ($)
Aug. 31, 2026
Feb. 28, 2026
CURRENT ASSETS:    
Cash and cash equivalents $ 1,059,300 $ 1,118,400
Restricted cash 147,000 222,000
Accounts receivable, less allowance for credit losses of $93,800 (August 31) and $109,600 (February 28) 731,200 861,300
Inventories - net 15,223,100 17,412,200
Prepaid expenses and other assets 420,600 374,600
Assets held for sale 450,000 563,600
Total current assets 18,031,200 20,552,100
INVENTORIES - net 19,701,300 20,251,700
PROPERTY, PLANT AND EQUIPMENT - net 5,952,700 6,291,200
OPERATING LEASE RIGHT-OF-USE ASSETS 6,499,700 6,716,100
OTHER ASSETS 474,300 500,500
TOTAL ASSETS 50,659,200 54,311,600
CURRENT LIABILITIES:    
Accounts payable 1,612,200 1,686,400
Deferred revenues 300,100 320,500
Operating lease liabilities, current 1,183,100 1,371,700
Accrued salaries and commissions 324,800 218,600
Income taxes payable 821,000 1,146,800
Other current liabilities 1,264,600 1,427,500
Total current liabilities 5,505,800 6,171,500
OPERATING LEASE LIABILITIES, non-current 5,316,600 5,344,400
OTHER LONG-TERM LIABILITIES 0 5,200
Total liabilities 10,822,400 11,521,100
SHAREHOLDERS’ EQUITY:    
Common stock, $0.20 par value; Authorized 16,000,000 shares; Issued 12,702,080 shares; Outstanding 8,524,964 (August 31) and 8,511,364 (February 28) shares 2,540,400 2,540,400
Capital in excess of par value 13,746,700 13,769,400
Retained earnings 36,654,500 39,628,200
Stockholders' Equity before Treasury Stock 52,941,600 55,938,000
Less treasury stock, at cost (13,104,800) (13,147,500)
Total shareholders’ equity 39,836,800 42,790,500
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 50,659,200 $ 54,311,600