Note 3

3 Months Ended

May 31, 2016

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Note 3 – Inventories consist of the following:

	2016
	May 31,			February 29,
Current:
Book inventory	$	22,686,900		$	17,504,500
Inventory valuation allowance		(25,000	)		(25,000	)
Inventories net–current	$	22,661,900		$	17,479,500
Non-current:
Book inventory	$	375,200		$	469,000
Inventory valuation allowance		(250,000	)		(300,000	)
Inventories net–non-current	$	125,200		$	169,000

Book inventory quantities in excess of what will be sold within the normal operating cycle, 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 $9.9 million and $4.4 million for the three months ended May 31, 2016 and 2015, respectively.  Total inventory purchases from all suppliers were $13.0 million and $5.7 million for the three months ended May 31, 2016 and 2015, respectively.