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Condensed Consolidated Balance Sheets - USD ($)
May 31, 2016
Feb. 29, 2016
Current Assets:    
Cash and cash equivalents $ 2,635,801 $ 2,388,355
Marketable Securities 1,808,229 1,695,689
Accounts receivable (less allowance of $46,000 and $46,000 at May 31 and February 29, respectively) 818,419 1,214,713
Inventories, net 1,917,517 1,945,383
Prepaid expenses and other current assets 77,942 109,954
Deferred tax asset 154,914 154,914
Total current assets 7,412,822 7,509,008
Land 250,000 250,000
Buildings, net 1,923,554 1,939,714
Equipment, furnishings and building improvements, net 802,445 796,788
Intangible and other assets, net 169,234 174,027
TOTAL ASSETS 10,558,055 10,669,537
Current Liabilities:    
Accounts payable 489,823 475,297
Accrued expenses 566,737 746,036
Customer deposits 177,500 201,478
Current portion of long term debt 137,642 143,388
Income taxes payable 81,153 87,660
Total current liabilities 1,452,855 1,653,859
Deferred tax liability 171,719 171,719
Long term debt, less current maturities 1,146,588 1,176,349
Total liabilities 2,771,162 3,001,927
Stockholders' Equity    
Common stock, $.01 par value; 25,000,000 shares authorized, 14,961,076 and 14,955,400 shares issued and outstanding, respectively 149,611 149,554
Additional paid-in capital 8,819,719 8,812,224
Accumulated deficit (1,168,238) (1,224,028)
Accumulated other comprehensive loss (14,199) (70,140)
Total stockholders' equity 7,786,893 7,667,610
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,558,055 $ 10,669,537