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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Aug. 31, 2023
Feb. 28, 2023
Current Assets:    
Cash and cash equivalents $ 3,454,257 $ 3,354,601
Marketable securities 8,862,146 8,090,000
Accounts receivable (less allowance of $12,225) 1,433,677 1,633,866
Inventories 4,008,271 3,242,909
Prepaid expenses and other current assets 132,094 254,046
Total current assets 17,890,445 16,575,422
Land 250,000 250,000
Buildings, equipment, furnishings and leasehold improvements, net 2,593,229 2,624,996
Intangible assets, net 55,983 57,202
Deferred tax asset 855,396 667,098
TOTAL ASSETS 21,645,053 20,174,718
Current Liabilities:    
Accounts payable 1,070,551 810,863
Accrued expenses 1,392,191 1,427,446
Customer deposits 3,394,492 2,838,165
Income taxes payable 464,493 381,421
Total current liabilities 6,321,727 5,457,895
Deferred tax liability 82,865
Total liabilities 6,321,727 5,540,760
Stockholders’ Equity    
Common stock, $.01 par value; 25,000,000 shares authorized, 15,743,483 and 15,742,073 shares issued and outstanding as of August 31, 2023 and February 28 2023, respectively 157,435 157,421
Additional paid-in capital 9,661,573 9,566,898
Accumulated earnings 5,504,318 4,909,639
Total stockholders’ equity 15,323,326 14,633,958
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 21,645,053 $ 20,174,718