Note 4 - Inventories

9 Months Ended

Nov. 30, 2024

Notes to Financial Statements

Inventory Disclosure [Text Block]

4. INVENTORIES

As of November 30, 2024, inventories consist of the following:

	Gross		Reserve			Net
Raw Materials	$	2,589,000	$	(482,000	)	$	2,107,000
Work-In-Process		5,160,000		(3,883,000	)		1,277,000
Finished Goods		1,098,000		(484,000	)		614,000
Totals	$	8,847,000	$	(4,849,000	)	$	3,998,000

As of February 29, 2024, inventories consist of the following:

	Gross		Reserve			Net
Raw Materials	$	2,492,000	$	(441,000	)	$	2,051,000
Work-In-Process		5,274,000		(3,894,000	)		1,380,000
Finished Goods		1,150,000		(449,000	)		701,000
Totals	$	8,916,000	$	(4,784,000	)	$	4,132,000

Wafer bank inventory (completed wafers that are available to be consumed in the Company’s products), net of reserves, totaled $246,000 as of November 30, 2024 and $332,000 as of February 29, 2024. As of November 30, 2024, 100% of the wafer bank inventory consisted of wafers manufactured between calendar year 2018 and 2022. We do not expect all of our wafer inventory to be consumed within twelve months; however, since it is not possible to know which wafers will or will not be used, we classify all our inventory as current.