BALANCE SHEETS - USD ($)	Feb. 28, 2021	Feb. 29, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 1,812,200	$ 2,999,400
Accounts receivable, less allowance for doubtful accounts of $331,900 (2021) and $237,400 (2020)	3,346,700	2,967,200
Inventories - net	51,762,400	30,087,300
Income taxes receivable	0	221,700
Prepaid expenses and other assets	1,219,300	950,600
Total current assets	58,140,600	37,226,200
INVENTORIES - net	685,300	1,016,700
PROPERTY, PLANT AND EQUIPMENT - net	29,951,000	26,377,700
OTHER ASSETS	73,600	82,200
TOTAL ASSETS	88,850,500	64,702,800
CURRENT LIABILITIES:
Accounts payable	19,674,300	9,661,100
Line of credit	5,245,300	0
Deferred revenues	1,914,100	385,300
Current maturities of long-term debt	533,500	1,027,400
Accrued salaries and commissions	3,488,000	1,657,200
Income taxes payable	130,200	0
Dividends payable	835,100	417,400
Other current liabilities	6,094,800	3,238,200
Total current liabilities	37,915,300	16,386,600
LONG-TERM DEBT - net of current maturities	10,451,200	17,784,300
DEFERRED INCOME TAXES - net	89,900	993,300
OTHER LONG-TERM LIABILITIES	134,300	145,800
Total liabilities	48,590,700	35,310,000
COMMITMENTS AND CONTINGENCIES – See Note 9
SHAREHOLDERS' EQUITY:
Common stock, $0.20 par value; Authorized 16,000,000 shares; Issued 12,410,080 shares; Outstanding 8,346,600 (2021) and 8,348,651 (2020) shares	2,482,000	2,482,000
Capital in excess of par value	10,863,900	9,843,900
Retained earnings	39,683,000	29,732,200
	53,028,900	42,058,100
Less treasury stock, at cost	(12,769,100)	(12,665,300)
Total shareholders' equity	40,259,800	29,392,800
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 88,850,500	$ 64,702,800