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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Nov. 30, 2024
Feb. 29, 2024
Preferred Stock, Par or Stated Value Per Share (in dollars per share) $ 0.01 $ 0.01
CURRENT ASSETS    
Cash and cash equivalents $ 3,727,000 $ 2,217,000
Marketable securities 1,023,000 904,000
Accounts receivable 1,793,000 2,826,000
Inventories, net 3,998,000 4,132,000
Prepaid expenses and other current assets 333,000 532,000
TOTAL CURRENT ASSETS 10,874,000 10,611,000
Property, plant and equipment, net 8,724,000 7,356,000
Finance lease, right of use asset 0 1,715,000
Intangible assets 2,957,000 3,114,000
Deferred tax asset 1,590,000 1,837,000
Other assets 253,000 107,000
TOTAL ASSETS 24,398,000 24,740,000
CURRENT LIABILITIES    
Accounts payable 391,000 439,000
Customer deposits 63,000 539,000
Accrued contingent consideration, current 542,000 465,000
Finance lease liability 0 1,750,000
Mortgage loans, current portion 151,000 111,000
Accrued expenses and other current liabilities 845,000 1,080,000
TOTAL CURRENT LIABILITIES 1,992,000 4,384,000
Accrued contingent consideration, non-current 663,000 751,000
Mortgage loans, net of current portion 3,803,000 2,537,000
TOTAL LIABILITIES 6,458,000 7,672,000
STOCKHOLDERS’ EQUITY    
Preferred stock, $.01 par value, authorized 500,000 shares, none issued 0 0
Common stock, $.01 par value, authorized 10,000,000 shares, 2,083,436 shares outstanding, net of 487,827 treasury shares at November 30, 2024 and 2,083,436 shares outstanding, net of 487,827 treasury shares at February 29, 2024, respectively 21,000 21,000
Additional paid-in capital 1,834,000 1,834,000
Retained Earnings 17,497,000 16,625,000
Less treasury stock (1,412,000) (1,412,000)
TOTAL STOCKHOLDERS’ EQUITY 17,940,000 17,068,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 24,398,000 $ 24,740,000