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Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2024
Nov. 30, 2023
Net sales $ 3,369,000 $ 4,136,000 $ 10,917,000 $ 8,753,000
Cost of sales 2,368,000 3,059,000 7,503,000 6,172,000
Gross profit 1,001,000 1,077,000 3,414,000 2,581,000
Selling, general and administrative expenses 675,000 859,000 2,246,000 2,015,000
Operating income 326,000 218,000 1,168,000 566,000
Other income (loss)        
Interest income 0 12,000 6,000 32,000
Interest expense (67,000) (55,000) (194,000) (108,000)
Dividend income 12,000 0 34,000 19,000
Realized gain on investments 13,000 0 46,000 332,000
Unrealized gain (loss) on investments 78,000 (108,000) 126,000 (745,000)
Other income 0 19,000 0 19,000
Total other (loss) 36,000 (132,000) 18,000 (451,000)
Net income (loss) before tax 362,000 86,000 1,186,000 115,000
Income taxes (96,000) 0 (314,000) 0
Net income (loss) $ 266,000 $ 86,000 $ 872,000 $ 115,000
Net income (loss) per common share - basic and diluted (in dollars per share) $ 0.13 $ 0.04 $ 0.42 $ 0.06
Weighted average shares outstanding - basic and diluted (in shares) 2,083,436 2,083,436 2,083,436 2,083,436