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CONSOLIDATED BALANCE SHEETS - USD ($)
Feb. 29, 2024
Feb. 28, 2023
Current Assets:    
Cash and cash equivalents $ 2,134,786 $ 3,354,601
Marketable securities 9,711,351 8,090,000
Accounts receivable (less allowance of $12,225) 1,470,711 1,633,866
Inventories 5,221,980 3,242,909
Prepaid expenses and other current assets 207,738 254,046
Total current assets 18,746,566 16,575,422
Land 250,000 250,000
Buildings, equipment, furnishings and leasehold improvements, net 2,832,156 2,624,996
Intangible assets, net 47,566 57,202
Deferred tax asset 1,255,977 667,098
TOTAL ASSETS 23,132,265 20,174,718
Current Liabilities:    
Accounts payable 1,049,742 810,863
Accrued expenses 1,739,478 1,427,446
Customer deposits 3,419,706 2,838,165
Income taxes payable 414,807 381,421
Total current liabilities 6,623,733 5,457,895
Deferred tax liability 229,534 82,865
Total Liabilities 6,853,267 5,540,760
Stockholders’ Equity    
Common stock, $.01 par value; 25,000,000 shares authorized, 15,750,880 and 15,742,073 issued and outstanding as of February 29, 2024, and February 28, 2023, respectively 157,509 157,421
Additional paid-in capital 9,770,387 9,566,898
Accumulated earnings 6,351,102 4,909,639
Total stockholders’ equity 16,278,998 14,633,958
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 23,132,265 $ 20,174,718