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Consolidated Balance Sheets - USD ($)
Feb. 29, 2016
Feb. 28, 2015
Current Assets:    
Cash and cash equivalents $ 2,388,355 $ 2,562,782
Marketable Securities 1,695,689 1,652,485
Accounts receivable (less allowance of $46,000 and $43,047, respectively) 1,214,713 1,029,250
Inventories, net 1,945,383 2,059,177
Prepaid expenses and other current assets 109,954 94,487
Deferred tax asset 154,914 241,000
Total current assets 7,509,008 7,639,181
Land 250,000 250,000
Buildings, net 1,939,714 2,015,625
Equipment, furnishings and leasehold improvements, net 796,788 661,411
Intangible assets, net 174,027 175,412
TOTAL ASSETS 10,669,537 10,741,629
Current Liabilities:    
Accounts payable 475,297 584,963
Accrued expenses 746,036 691,937
Customer deposits 201,478 462,168
Current maturities of long term debt 143,388 158,184
Income taxes payable 87,660 229,927
Total current liabilities 1,653,859 2,127,179
Deferred tax liability 171,719 150,979
Long term debt, less current maturities 1,176,349 1,319,737
Total liabilities 3,001,927 3,597,895
Stockholders' Equity    
Common stock, $.01 par value; 25,000,000 shares authorized, 14,955,400 and 14,933,107 issued and outstanding, respectively 149,554 149,331
Additional paid-in capital 8,812,224 8,766,160
Accumulated deficit (1,224,028) $ (1,771,757)
Accumulated other comprehensive loss (70,140)
Total stockholders' equity 7,667,610 $ 7,143,734
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,669,537 $ 10,741,629