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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2021
Feb. 29, 2020
Current assets    
Cash and cash equivalents $ 293 $ 844
Accounts receivable, less allowance for bad debts of $12 and $9 1,314 1,305
Inventories, net 4,027 4,480
Contract assets 1,534  
Prepaid expenses and other current assets 279 411
Total current assets 7,447 7,229
Property, plant, and equipment    
Land   154
Buildings 766 2,756
Construction in progress 130 106
Machinery and equipment 5,162 4,861
Total property, plant and equipment 6,058 7,877
Accumulated depreciation (4,979) (6,607)
Net property, plant, and equipment 1,079 1,270
Right of use assets under operating leases 1,127 1,631
Intangible assets, net 247 387
Other noncurrent assets 2 2
Total assets 9,902 10,519
Current liabilities    
Accounts payable 602 1,256
Accrued liabilities 728 499
Customer deposits 1,717 2,338
Current maturities of financing lease obligations 98  
Current operating lease liabilities 601 557
Notes payable to officers and directors, current (Note 4) 100 100
Total current liabilities 3,846 5,966
Long-term operating lease liabilities 556 1,091
Finance lease obligations less current maturities 142  
PPP related loans, non-current 1,084  
Total liabilities 5,628 7,057
Shareholders' Equity    
Preferred stock, no par value – 10,000 shares authorized; none issued and outstanding
Common stock, no par value – 50,000 shares authorized; 9,732 issued; 5,878 outstanding at February 28, 2021 and February 29, 2020 7,293 7,293
Additional paid-in capital 281 281
Retained earnings 12,982 12,170
Treasury stock, 3,854 shares, at cost (16,282) (16,282)
Total shareholders' equity 4,274 3,462
Total liabilities and shareholders' equity $ 9,902 10,519
Officers and Directors    
Current assets    
Notes receivable due from officers and directors, current (Note 4)   189
Current liabilities    
Notes payable to officers and directors, current (Note 4)   $ 1,216