XML 16 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Feb. 28, 2018
Feb. 28, 2017
CASH FLOW FROM OPERATING ACTIVITIES:    
Net income (loss) $ 660,907 $ (2,147,224)
Adjustments to reconcile net income (loss) to net cash provided by (used in)operating activities:    
Depreciation and amortization 60,232 80,777
Loss on disposal of assets 5,587
Impairment of intangible assets 50,000
Stock-based compensation 117,500
Provision (Recovery of) for doubtful accounts 37,911 (47,063)
Deferred tax (468,282)
Increase in valuation allowance on deferred tax assets 1,081,998
Changes in operating assets and liabilities:    
Accounts receivable 37,806 (634,209)
Related party receivable (7,807) 12,375
Inventory 423,575 1,089,587
Prepaid expenses, deposits and other current assets 137,220 (232,779)
Accounts payable and accrued expenses (34,549) 61,189
Income taxes payable (317,145)
Customer deposits 63,507 71,458
Net Cash Provided by (Used In)Operating Activities 1,369,802 (1,276,231)
CASH FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (30,774) (27,092)
Net Cash Used in Investing Activities (30,774) (27,092)
CASH FROM FINANCING ACTIVITIES:    
Purchase of treasury stock (17,400)
Repayment of capital lease obligation (4,307) (10,038)
Net Cash Used in Financing Activities (4,307) (27,438)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,343,721 (1,330,761)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 732,112 2,062,873
CASH AND CASH EQUIVALENTS AT END OF YEAR 2,075,833 732,112
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
CASH PAID DURING THE YEAR FOR FOR INTEREST 4,395 1,640
CASH PAID DURING THE YEAR FOR INCOME TAXES $ 237,295