Note 3

3 Months Ended

May. 31, 2015

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Note 3 – Inventories consist of the following:

	2015
	May 31,			February 28,
Current:
Book inventory	$	12,947,000		$	11,206,000
Inventory valuation allowance		(25,000	)		(25,000	)
Inventories net–current	$	12,922,000		$	11,181,000
Non-current:
Book inventory	$	723,900		$	718,900
Inventory valuation allowance		(365,300	)		(368,100	)
Inventories net–non-current	$	358,600		$	350,800

Book inventory quantities in excess of what will be sold within the normal operating cycle, due to minimum order requirements of our primary supplier, are included in non-current inventory.

Significant portions of our inventory purchases are concentrated with an England-based publishing company.  Purchases from this company were approximately $4.4 million and $3.3 million for the three months ended May 31, 2015 and 2014, respectively.  Total inventory purchases from all suppliers were $5.7 million and $4.0 million for the three months ended May 31, 2015 and 2014, respectively.