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Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2016
Feb. 28, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 634 $ 820
Treasury Bills and Certificates of Deposit 6,740 6,971
Accounts receivable, less allowance for doubtful accounts of $2 528 1,018
Inventories, net (Note 3) 3,671 4,197
Prepaid expenses and other current assets 184 123
TOTAL CURRENT ASSETS 11,757 13,129
PROPERTY, PLANT AND EQUIPMENT, Net (Note 4) 436 458
OTHER ASSETS 8 8
TOTAL ASSETS 12,201 13,595
CURRENT LIABILITIES    
Accounts payable 164 425
Customer deposits 28 20
Accrued expenses and other current liabilities (Note 5) 497 632
TOTAL CURRENT LIABILITIES 689 1,077
TOTAL LIABILITIES $ 689 $ 1,077
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS' EQUITY    
Preferred stock, $.01 par value, authorized 500,000 shares, none issued
Common stock, $.01 par value, authorized 10,000,000 shares, 2,232,977 shares outstanding, net of 338257 shares at February 29, 2016, 2,185,832 shares outstanding, net of 273,230 shares at February 28, 2015 $ 24 $ 23
Additional paid-in capital 2,759 2,749
Accumulated other comprehensive income 17 15
Retained Earnings 9,266 10,006
Less treasury stock (554) (275)
TOTAL STOCKHOLDERS' EQUITY 11,512 12,518
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 12,201 $ 13,595