XML 64 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Feb. 28, 2013
Feb. 29, 2012
Current Assets    
Cash and cash equivalents $ 5,321,696 $ 4,125,444
Accounts receivable, less allowance for doubtful accounts of $507,806 and $488,448, respectively 3,916,320 4,078,158
Notes receivable, current portion, less current portion of the valuation allowance of $10,382 and $0, respectively 197,078 283,225
Refundable income taxes   724,911
Inventories, less reserve for slow moving inventory of $253,148 and $249,500, respectively 4,221,036 4,119,073
Deferred income taxes 628,633 487,274
Other 259,170 281,282
Total current assets 14,543,933 14,099,367
Property and Equipment, Net 6,777,143 8,515,644
Other Assets    
Notes receivable, less current portion and allowance for doubtful accounts of $37,400 and $95,703, respectively 469,362 344,474
Goodwill, net 1,046,944 1,046,944
Franchise rights 800,000  
Intangible assets, net 635 22,111
Other 195,928 134,430
Total other assets 2,512,869 1,547,959
Total assets 23,833,945 24,162,970
Current Liabilities    
Accounts payable 1,998,897 1,355,818
Accrued salaries and wages 1,184,739 653,276
Other accrued expenses 1,294,487 760,860
Dividend payable 667,532 616,239
Deferred income 417,484 156,000
Total current liabilities 5,563,139 3,542,193
Deferred Income Taxes 881,694 1,884,957
Commitments and Contingencies 0 0
Preferred stock, $.10 par value; 250,000 authorized; -0- shares issued and outstanding    
Series A Junior Participating Preferred Stock,authorized 50,000 shares 0 0
Undesignated series, authorized 200,000 shares 0 0
Common stock, $.03 par value; 100,000,000 shares authorized; 6,068,470 and 6,162,389 shares issued and outstanding, respectively 182,054 184,872
Additional paid-in capital 7,559,442 8,712,743
Retained earnings 8,642,093 9,838,205
Non-controlling interest in equity of subsidiary 1,005,523 0
Total stockholders’ equity 17,389,112 18,735,820
Total liabilities and stockholders’ equity 23,833,945 24,162,970
Undesignated Series [Member]
   
Preferred stock, $.10 par value; 250,000 authorized; -0- shares issued and outstanding    
Series A Junior Participating Preferred Stock,authorized 50,000 shares 0 0
Undesignated series, authorized 200,000 shares $ 0 $ 0