XML 52 R5.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Nov. 30, 2019
Nov. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 419,632 $ 100,813
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 290,203 256,519
Stock based compensation expense 81,634 22,777
Inventory reserve 50,000 48,000
Unrealized loss on marketable securities 189,016
Decrease (Increase) in:    
Accounts receivable 59,571 (388,538)
Inventories (1,370,764) (436,802)
Prepaid expenses and other current assets 201,453 (150,391)
(Decrease) Increase in:    
Accounts payable and accrued expenses 469,026 (99,748)
Customer deposits 804,268 620,303
Income taxes payable 18,472 (73,800)
Net Cash Provided by Operating Activities 1,023,495 88,149
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment and furnishings (392,346) (486,711)
Sale of marketable securities   125,534
(Purchase) of marketable securities (1,374,229)  
Net Cash (Used in) Investing Activities (1,766,575) (361,177)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of long term debt (121,537) (116,555)
Net Cash Used In Financing Activities (121,537) (116,555)
NET (DECREASE) IN CASH AND CASH EQUIVALENTS (864,617) (389,583)
CASH AND CASH EQUIVALENTS    
Beginning of period 3,144,123 2,016,464
End of period 2,279,506 1,626,881
SUPPLEMENTAL DISCLOSURE:    
Interest paid 25,465 30,501
Taxes Paid $ 4,831 $ 101,426