XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED STATEMENTS OF EARNINGS - USD ($)
3 Months Ended
May 31, 2021
May 31, 2020
NET REVENUES $ 40,807,900 $ 38,291,700
COST OF GOODS SOLD 12,029,900 11,395,500
Gross margin 28,778,000 26,896,200
OPERATING EXPENSES    
Operating and selling 6,442,600 6,340,200
Sales commissions 12,966,700 13,600,500
General and administrative 5,139,000 4,536,000
Total operating expenses 24,548,300 24,476,700
INTEREST EXPENSE 167,800 182,200
OTHER INCOME (598,700) (406,600)
EARNINGS BEFORE INCOME TAXES 4,660,600 2,643,900
INCOME TAXES 1,222,500 712,800
NET EARNINGS $ 3,438,100 $ 1,931,100
BASIC AND DILUTED EARNINGS PER SHARE    
Basic (in Dollars per share) $ 0.43 $ 0.23
Diluted (in Dollars per share) $ 0.41 $ 0.23
WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING    
Basic (in Shares) 8,029,264 8,352,424
Diluted (in Shares) 8,481,980 8,352,424
Dividends per share (in Dollars per share) $ 0.10 $ 0.06
Gross Sales [Member]    
REVENUES $ 52,391,600 $ 46,896,900
Discounts and Allowances [Member]    
Less discounts and allowances (15,954,100) (12,895,900)
Transportation Revenue [Member]    
REVENUES $ 4,370,400 $ 4,290,700