CONDENSED BALANCE SHEETS - USD ($)	May 31, 2020	Feb. 29, 2020
CURRENT ASSETS
Cash and cash equivalents	$ 14,765,500	$ 2,999,400
Accounts receivable, less allowance for doubtful accounts of $296,100 (May 31) and $237,400 (February 29)	2,550,500	2,967,200
Inventories - net	27,162,400	30,087,300
Income taxes receivable	0	221,700
Prepaid expenses and other assets	889,900	950,600
Total current assets	45,368,300	37,226,200
INVENTORIES - net	780,800	1,016,700
PROPERTY, PLANT AND EQUIPMENT - net	26,111,600	26,377,700
OTHER ASSETS	113,800	82,200
TOTAL ASSETS	72,374,500	64,702,800
CURRENT LIABILITIES
Accounts payable	11,046,300	9,661,100
Deferred revenues	2,412,100	385,300
Current maturities of long-term debt	1,126,100	1,027,400
Accrued salaries and commissions	3,685,800	1,657,200
Income taxes payable	380,400	0
Dividends payable	502,200	417,400
Other current liabilities	3,585,700	3,238,200
Total current liabilities	22,738,600	16,386,600
LONG-TERM DEBT - net of current maturities	17,422,200	17,784,300
DEFERRED INCOME TAXES - net	1,084,500	993,300
OTHER LONG-TERM LIABILITIES	143,000	145,800
Total liabilities	41,388,300	35,310,000
SHAREHOLDERS' EQUITY
Common stock, $0.20 par value; Authorized 16,000,000 shares; Issued 12,410,080 (May 31) and 12,410,080 (February 29) shares; Outstanding 8,352,253 (May 31) and 8,348,651 (February 29) shares	2,482,000	2,482,000
Capital in excess of par value	10,017,900	9,843,900
Retained earnings	31,161,100	29,732,200
	43,661,000	42,058,100
Less treasury stock, at cost	(12,674,800)	(12,665,300)
Total shareholders' equity	30,986,200	29,392,800
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 72,374,500	$ 64,702,800