Equity Investment

3 Months Ended

May 31, 2021

Equity Method Investment Summarized Financial Information [Abstract]

Equity Investment

(12) Equity Investment

As of May 31, 2021 and February 28, 2021, the Company has a 50% non-controlling ownership interest in ASA Electronics, LLC and Subsidiary (“ASA") which acts as a distributor of mobile electronics specifically designed for niche markets within the automotive industry, including RV's; buses; and commercial, heavy duty, agricultural, construction, powersport, and marine vehicles.

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, 2021		February 28, 2021
Current assets	$	51,128	$	49,956
Non-current assets		4,669		4,757
Liabilities		9,507		8,179
Members' equity		46,290		46,534

	Three months ended May 31,
	2021		2020
Net sales	$	33,225	$	16,441
Gross profit		8,645		4,137
Operating income		5,429		1,604
Net income		5,446		1,724

The Company's share of income from ASA was $2,723 for the three months ended May 31, 2021 and $862 for the three months ended May 31, 2020.