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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Feb. 28, 2021
Feb. 29, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 1,120,642 $ 1,107,442
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 463,076 406,731
Stock based compensation expense 47,633 90,305
Bad debt expense 25,000
Inventory reserve 91,000 (77,098)
Deferred tax expense (129,723) 36,707
(Increase) Decrease in:    
Accounts receivable (828,100) 443,190
Inventories (305,790) (646,777)
Prepaid expenses and other assets 2,382 241,307
(Decrease) Increase in:    
Accounts payable and accrued expenses 763,269 1,063,730
Customer deposits (482,149) 499,132
Income taxes payable (17,054) 64,349
Net Cash Provided by Operating Activities 725,186 3,254,018
CASH FLOW FROM INVESTING ACTIVITIES:    
Purchase of equipment, furnishings and leasehold improvements (344,353) (722,241)
Patent costs paid (6,000)
Capital expenditure grant proceeds 100,000
Purchase of marketable securities (344,230) (1,853,534)
Net Cash (Used In) Investing Activities (594,583) (2,575,775)
CASH FLOW FROM FINANCING ACTIVITIES:    
Proceeds from note payable - bank 1,001,640
Repayment of long term debt (707,716) (162,815)
Net Cash Provided By (Used In) Financing Activities 293,924 (162,815)
NET INCREASE IN CASH AND CASH EQUIVALENTS 424,527 515,428
CASH AND CASH EQUIVALENTS    
Beginning of year 3,659,551 3,144,123
End of year 4,084,078 3,659,551
SUPPLEMENTAL CASH FLOW DISCLOSURE:    
Interest paid 39,843 33,038
Income Taxes Paid $ 374,004 $ 4,948