REVOLVING LINE OF CREDIT	3 Months Ended
May 31, 2023
Debt Disclosure [Abstract]
REVOLVING LINE OF CREDIT	NOTE 7: REVOLVING LINE OF CREDIT The Company has a $1,500,000 revolving line of credit at prime which was 8.25% at May 31, 2023 and 7.75% at February 28, 2023. The revolving credit line is collateralized by the Company’s accounts receivable and inventory. The revolving credit line is payable on demand and must be retired for a 30-day period, once annually. If the Company fails to perform the 30-day annual pay down or if the bank elects to terminate the credit line, the bank may, at its option, convert the outstanding balance to a 36-month term note with payments including interest in 36 equal installments. As of May 31, 2023, $140,000 of the Company’s credit line was being utilized to collateralize a letter of credit issued to a customer that remitted a cash deposit to the Company on an existing order. The letter of credit expires in July 2023. As of May 31, 2023, there were no outstanding borrowings under the line of credit and the unused portion of the credit line was $1,360,000.

REVOLVING LINE OF CREDIT

3 Months Ended

May 31, 2023

NOTE 7: REVOLVING LINE OF CREDIT

The Company has a $1,500,000 revolving line of credit at prime which was 8.25% at May 31, 2023 and 7.75% at February 28, 2023. The revolving credit line is collateralized by the Company’s accounts receivable and inventory. The revolving credit line is payable on demand and must be retired for a 30-day period, once annually. If the Company fails to perform the 30-day annual pay down or if the bank elects to terminate the credit line, the bank may, at its option, convert the outstanding balance to a 36-month term note with payments including interest in 36 equal installments.

As of May 31, 2023, $140,000 of the Company’s credit line was being utilized to collateralize a letter of credit issued to a customer that remitted a cash deposit to the Company on an existing order. The letter of credit expires in July 2023. As of May 31, 2023, there were no outstanding borrowings under the line of credit and the unused portion of the credit line was $1,360,000.