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Equity Investments (Tables)
 3 Months Ended
May 31, 2024
Equity Method Investment, Summarized Financial Information [Abstract]  
Summary of Assets Contributed The following summarizes the preliminary allocation of the assets contributed to the joint venture by EyeLock on March 1, 2024 based upon their fair values:

 

 

 

March 1, 2024

 

Assets contributed:

 

 

 

Inventory

 

$

1,839

 

Accounts receivable, net

 

 

46

 

Property, plant, and equipment

 

 

4

 

Tradenames

 

 

1,630

 

Developed technology

 

 

2,460

 

Total contribution

 

$

5,979

 
Equity Method Investments, Summarized Financial Information

The following presents summary financial information for ASA. Such summary financial information has been provided herein based upon the individual significance of ASA to the consolidated financial information of the Company.

 

 

 

May 31, 2024

 

 

February 29, 2024

 

Current assets

 

$

44,504

 

 

$

43,790

 

Non-current assets

 

 

7,486

 

 

 

7,579

 

Liabilities

 

 

8,916

 

 

 

8,609

 

Members' equity

 

 

43,074

 

 

 

42,760

 

 

 

 

Three months ended
May 31,

 

 

 

2024

 

 

2023

 

Net sales

 

$

17,205

 

 

$

22,693

 

Gross profit

 

 

4,803

 

 

 

6,086

 

Operating income

 

 

1,959

 

 

 

3,066

 

Net income

 

 

2,230

 

 

 

3,231