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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Nov. 30, 2019
Nov. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 5,107,000 $ 6,122,900
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 1,054,100 1,085,100
Deferred income taxes, net 81,100 673,100
Provision for doubtful accounts 39,900 68,500
Provision for inventory valuation allowance 283,400 246,200
Share-based compensation expense 498,800 255,300
Changes in assets and liabilities:    
Accounts receivable (845,400) (705,000)
Inventories 3,147,500 (4,441,700)
Prepaid expenses and other assets 583,600 (324,400)
Accounts payable (2,221,100) 3,327,000
Accrued salaries and commissions, and other liabilities 1,173,700 2,384,300
Deferred revenues (470,800) 364,300
Income taxes payable 591,000 (1,252,900)
Total adjustments 3,915,800 1,679,800
Net cash provided by operating activities 9,022,800 7,802,700
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (402,200) (1,360,500)
Net cash used in investing activities (402,200) (1,360,500)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on long-term debt (719,400) (702,100)
Cash received from sale of treasury stock 383,400 227,100
Cash used to purchase treasury stock (1,253,700) (31,900)
Dividends paid (1,241,300) (818,100)
Net cash used in financing activities (2,831,000) (1,325,000)
NET INCREASE IN CASH AND CASH EQUIVALENTS 5,789,600 5,117,200
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 3,199,300 2,723,300
CASH AND CASH EQUIVALENTS - END OF PERIOD 8,988,900 7,840,500
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION    
Cash paid for interest 693,800 704,300
Cash paid for income taxes $ 1,318,000 $ 2,859,100