CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)	May 31, 2016	Feb. 29, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 930,400	$ 1,183,700
Accounts receivable, less allowance for doubtful accounts and sales returns of $546,700 (May 31) and $501,900 (February 29)	2,990,300	2,513,300
Inventories—Net	22,661,900	17,479,500
Prepaid expenses and other assets	2,811,000	1,028,100
Deferred income taxes	338,100	298,200
Total current assets	29,731,700	22,502,800
INVENTORIES—Net	125,200	169,000
PROPERTY, PLANT AND EQUIPMENT—Net	27,731,600	26,710,300
OTHER ASSETS	262,000	262,000
DEFERRED INCOME TAXES	31,900	50,900
TOTAL ASSETS	57,882,400	49,695,000
CURRENT LIABILITIES:
Accounts payable	11,443,600	7,801,300
Line of credit	5,918,700	3,331,800
Deferred revenues	5,367,200	2,925,200
Current maturities of long-term debt	615,400	615,400
Accrued salaries and commissions	1,178,200	1,202,500
Income taxes payable	492,200	803,100
Dividends payable	366,400	366,300
Other current liabilities	1,434,000	1,732,500
Total current liabilities	26,815,700	18,778,100
LONG-TERM DEBT-Net of current maturities	17,537,800	17,687,400
Total liabilities	44,353,500	36,465,500
COMMITMENTS (Note 7)
SHAREHOLDERS’ EQUITY:
Common stock, $0.20 par value; Authorized 8,000,000 shares; Issued 6,041,040 (May 31 and February 29) shares; Outstanding 4,069,669 (May 31) and 4,064,610 (February 29) shares	1,208,200	1,208,200
Capital in excess of par value	8,548,000	8,548,000
Retained earnings	14,811,300	14,557,500
	24,567,500	24,313,700
Less treasury stock, at cost	(11,038,600)	(11,084,200)
Total shareholders' equity	13,528,900	13,229,500
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 57,882,400	$ 49,695,000