Property and Equipment, Net

9 Months Ended

Nov. 30, 2024

Property, Plant and Equipment, Net [Abstract]

Property and Equipment, Net

NOTE 6 – PROPERTY AND EQUIPMENT, NET

Property and equipment at November 30, 2024 and February 29, 2024 consisted of the following:

($'s in thousands)	November 30, 2024			February 29, 2024
Land	$	124		$	514
Building		5,342			5,109
Machinery and equipment		13,721			12,509
Furniture and fixtures		519			590
Leasehold improvements		139			139
Transportation equipment		326			326
		20,171			19,187
Less accumulated depreciation		(12,100	)		(11,429	)
Property and equipment, net	$	8,071		$	7,758

Depreciation expense related to property and equipment totaled $0.3 million and $0.7 million during the three and nine months ended November 30, 2024 compared to $0.2 million and $0.6 million during the three and nine months ended November 30, 2023, respectively.