CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)	Nov. 30, 2016	Feb. 29, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 979,700	$ 1,183,700
Accounts receivable, less allowance for doubtful accounts and sales returns of $379,900 (November 30) and $501,900 (February 29)	3,948,600	2,513,300
Inventories—Net	34,203,500	17,479,500
Prepaid expenses and other assets	2,689,400	1,028,100
Deferred income taxes	348,800	298,200
Total current assets	42,170,000	22,502,800
INVENTORIES—Net	257,400	169,000
PROPERTY, PLANT AND EQUIPMENT—Net	28,053,500	26,710,300
OTHER ASSETS	262,000	262,000
DEFERRED INCOME TAXES	35,700	50,900
TOTAL ASSETS	70,778,600	49,695,000
CURRENT LIABILITIES:
Accounts payable	14,690,400	7,801,300
Line of credit	2,880,000	3,331,800
Deferred revenues	9,557,700	2,925,200
Current maturities of long-term debt	21,772,600	615,400
Accrued salaries and commissions	1,578,100	1,202,500
Income taxes payable	1,379,900	803,100
Dividends payable	367,400	366,300
Other current liabilities	4,040,200	1,732,500
Total current liabilities	56,266,300	18,778,100
LONG-TERM DEBT-Net of current maturities	0	17,687,400
Total liabilities	56,266,300	36,465,500
COMMITMENTS (Note 7)
SHAREHOLDERS’ EQUITY:
Common stock, $0.20 par value; Authorized 8,000,000 shares; Issued 6,041,040 (November 30 and February 29) shares; Outstanding 4,082,283 (November 30) and 4,064,610 (February 29) shares	1,208,200	1,208,200
Capital in excess of par value	8,548,000	8,548,000
Retained earnings	15,669,800	14,557,500
	25,426,000	24,313,700
Less treasury stock, at cost	(10,913,700)	(11,084,200)
Total shareholders’ equity	14,512,300	13,229,500
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 70,778,600	$ 49,695,000