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Consolidated Balance Sheets - USD ($)
Feb. 29, 2020
Feb. 28, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 2,322,142 $ 2,078,122
Accounts receivable, net of allowance for doubtful accounts of $2,207 and $4,614, respectively 266,695 352,818
Related party receivable 25,401 31,472
Inventory, net of reserves 1,020,626 972,497
Prepaid expenses and other current assets 63,708 129,049
Total current assets 3,698,572 3,563,958
PROPERTY AND EQUIPMENT, NET 79,491 118,154
OTHER ASSETS    
Other assets 66,670 66,670
Right-of-use lease asset-operating 336,017 0
Total assets 4,180,750 3,748,782
CURRENT LIABILITIES    
Accounts payable and accrued expenses 357,570 267,641
Customer deposits 143,651 30,567
Lease liability, current portion 248,767 5,938
Total current liabilities 749,988 304,146
LONG-TERM LIABILITIES    
Lease liability, net of current portion 108,307 3,182
Total long-term liabilities 108,307 3,182
Total liabilities 858,295 307,328
STOCKHOLDERS' EQUITY    
Preferred stock, 6,000,000 shares authorized, none issued or outstanding 0 0
Common stock $0.001 par value, 50,000,000 shares authorized, 26,640,313 shares issued and outstanding 26,641 26,641
Additional paid-in capital 8,944,368 8,944,368
Accumulated deficit (5,618,874) (5,499,875)
Less treasury stock at cost (60,000 shares) (29,680) (29,680)
Total stockholders' equity 3,322,455 3,441,454
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,180,750 $ 3,748,782