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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Aug. 31, 2023
Aug. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings (loss) $ 188,900 $ (586,100)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,366,000 1,207,500
Deferred income taxes (1,002,500) (239,000)
Provision for inventory valuation allowance 105,400 0
Share-based compensation expense - net 175,800 381,300
Net gain on sale of assets (46,500) 0
Changes in assets and liabilities:    
Accounts receivable 916,100 (263,800)
Inventories - net 1,829,300 6,028,500
Prepaid expenses and other assets 221,600 214,200
Accounts payable 1,113,200 (7,970,300)
Accrued salaries and commissions and other liabilities (1,280,400) (2,263,200)
Deferred revenues 86,900 103,900
Income taxes payable/receivable 1,041,600 (241,900)
Total adjustments 4,526,500 (3,042,800)
Net cash provided by (used in) operating activities 4,715,400 (3,628,900)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (546,200) (221,000)
Proceeds from sale of assets 75,700 0
Purchases of other assets 0 (33,000)
Net cash used in investing activities (470,500) (254,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on term debt (900,000) (25,175,900)
Cash paid to acquire treasury stock (563,900) 0
Proceeds from term debt 0 36,000,000
Sales of treasury stock 0 63,400
Net payments under line of credit (911,400) (5,662,600)
Dividends paid 0 (870,700)
Net cash provided by (used in) financing activities (2,375,300) 4,354,200
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 1,869,600 471,300
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - BEGINNING OF PERIOD 689,100 361,200
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - END OF PERIOD 2,558,700 832,500
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION    
Cash paid for interest - net 1,513,600 838,600
Cash paid for income taxes -net of refunds $ 24,200 $ 95,800