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Consolidated Balance Sheets - USD ($)
Feb. 28, 2021
Feb. 29, 2020
Current Assets:    
Cash and cash equivalents $ 4,084,078 $ 3,659,551
Marketable Securities 4,563,470 4,219,240
Accounts receivable (less allowance of $56,123 and $71,000, respectively) 1,757,802 929,701
Inventories, net 2,611,106 2,381,891
Prepaid expenses and other current assets 151,316 153,698
Total current assets 13,167,772 11,344,081
Land 250,000 250,000
Buildings, net 1,575,135 1,654,061
Equipment, furnishings and leasehold improvements, net 1,075,190 1,212,578
Intangible assets, net 95,456 106,291
Deferred tax asset 259,838 176,314
TOTAL ASSETS 16,423,391 14,743,325
Current Liabilities:    
Accounts payable 1,294,483 668,721
Accrued expenses 1,750,916 1,613,409
Customer deposits 1,166,541 1,648,690
Current maturities of long term debt 169,716
Income taxes payable 53,567 70,621
Total current liabilities 4,265,507 4,171,157
Deferred tax liability 205,562 251,761
Long term debt, less current maturities 1,001,640 538,000
Total liabilities 5,472,709 4,960,918
Stockholders' Equity    
Common stock 154,527 153,482
Additional paid-in capital 9,064,994 9,018,406
Accumulated earnings 1,731,161 610,519
Total stockholders' equity 10,950,682 9,782,407
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 16,423,391 $ 14,743,325