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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Aug. 31, 2024
Feb. 29, 2024
Current Assets:    
Cash and cash equivalents $ 5,852,801 $ 2,134,786
Marketable securities 5,766,176 9,711,351
Accounts receivable (less allowance of $12,225) 1,879,464 1,470,711
Inventories 4,829,901 5,221,980
Prepaid expenses and other current assets 174,225 207,738
Total current assets 18,502,567 18,746,566
Land 250,000 250,000
Buildings, equipment, furnishings and leasehold improvements, net 2,691,523 2,832,156
Intangible assets, net 42,476 47,566
Deferred tax asset 1,429,271 1,255,977
TOTAL ASSETS 22,915,837 23,132,265
Current Liabilities:    
Accounts payable 691,000 1,049,742
Accrued expenses 1,543,869 1,739,478
Customer deposits 3,225,273 3,419,706
Income taxes payable 96,395 414,807
Total current liabilities 5,556,537 6,623,733
Deferred tax liability 311,750 229,534
Total liabilities 5,868,287 6,853,267
Stockholders’ Equity    
Common stock, $.01 par value; 25,000,000 shares authorized, 15,751,153 and 15,750,880 shares issued and outstanding as of August 31, 2024 and February 29, 2024, respectively 157,512 157,509
Additional paid-in capital 9,867,414 9,770,387
Accumulated earnings 7,022,624 6,351,102
Total stockholders’ equity 17,047,550 16,278,998
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 22,915,837 $ 23,132,265