XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED STATEMENTS OF EARNINGS - USD ($)
3 Months Ended
May 31, 2020
May 31, 2019
NET REVENUES $ 38,291,700 $ 27,587,400
COST OF GOODS SOLD 11,395,500 9,056,200
Gross margin 26,896,200 18,531,200
OPERATING EXPENSES    
Operating and selling 6,340,200 4,383,900
Sales commissions 13,600,500 8,533,000
General and administrative 4,536,000 3,938,200
Total operating expenses 24,476,700 16,855,100
INTEREST EXPENSE 182,200 232,000
OTHER INCOME (406,600) (402,400)
EARNINGS BEFORE INCOME TAXES 2,643,900 1,846,500
INCOME TAXES 712,800 482,900
NET EARNINGS $ 1,931,100 $ 1,363,600
BASIC AND DILUTED EARNINGS PER SHARE    
Basic (in Dollars per share) $ 0.23 $ 0.17
Diluted (in Dollars per share) $ 0.23 $ 0.17
WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING    
Basic (in Shares) 8,352,424 8,184,272
Diluted (in Shares) 8,352,424 8,191,062
Dividends per share (in Dollars per share) $ 0.06 $ 0.05
Gross Sales [Member]    
REVENUES $ 46,896,900 $ 36,473,700
Discounts and Allowances [Member]    
WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING    
Less discounts and allowances (12,895,900) (11,331,400)
Transportation Revenue [Member]    
REVENUES $ 4,290,700 $ 2,445,100