XML 29 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Operating Activities    
Net income $ 450 $ 3,497
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 782 831
Provision for doubtful accounts (84) 161
Provision for inventory reserve 983 1,203
Non-cash charge for share based compensation 8 169
Deferred income taxes (422) 501
Gain on disposal of equipment (47)  
Other (7) 15
Changes in working capital:    
Accounts receivable 1,314 709
Inventories (2,831) (749)
Note receivable for StingRay56 250  
Prepaid expenses and other current assets 133  
Accounts payable and accrued liabilities 196 (2,506)
Cost, estimated earnings and billings, net, on uncompleted contracts (154) (2,080)
Income taxes refundable/payable 603 451
Net cash provided by operating activities 1,174 2,202
Investing Activities    
Capital expenditures (629) (474)
Proceeds from sale of Chroma property 52  
Proceeds from sale of Fox International, Ltd.   51
Proceeds from sale of equipment   3
Use of letter of credit/CD   1,388
Net cash provided by (used in) investing activities (577) 968
Financing Activities    
Proceeds from long-term debt, lines of credit 17,490 10,508
Payments on long-term debt, lines of credit (18,172) (13,241)
Purchase of treasury stock (90) (225)
Re-issue of treasury stock for options exercised 27 8
Proceeds from notes payable to officers and directors   10
Repayments of notes payable to officers and directors   (1,581)
Net cash (used in) financing activities (745) (4,521)
Net change in cash (148) (1,351)
Cash, beginning of year 148 1,399
Cash, end of period    $ 48