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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Nov. 30, 2020
Nov. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 10,455,700 $ 5,107,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 1,207,900 1,054,100
Deferred income taxes (809,800) 81,100
Provision for doubtful accounts 115,800 39,900
Provision for inventory valuation allowance 166,200 283,400
Share-based compensation expense 677,000 498,800
Changes in assets and liabilities:    
Accounts receivable (1,264,200) (845,400)
Inventories, net (17,130,200) 3,147,500
Prepaid expenses and other assets (239,200) 583,600
Accounts payable 35,498,700 (2,221,100)
Accrued salaries and commissions, and other liabilities 8,781,000 1,173,700
Deferred revenues 1,945,600 (470,800)
Income taxes 213,300 591,000
Total adjustments 29,162,100 3,915,800
Net cash provided by operating activities 39,617,800 9,022,800
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (2,040,000) (402,200)
Net cash used in investing activities (2,040,000) (402,200)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on term debt (9,144,300) (719,400)
Proceeds from term debt 1,447,400 0
Sales of treasury stock 109,300 383,400
Purchases of treasury stock (75,500) (1,253,700)
Dividends paid (1,419,800) (1,241,300)
Net cash used in financing activities (9,082,900) (2,831,000)
NET INCREASE IN CASH AND CASH EQUIVALENTS 28,494,900 5,789,600
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 2,999,400 3,199,300
CASH AND CASH EQUIVALENTS - END OF PERIOD 31,494,300 8,988,900
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION    
Cash paid for interest 463,600 693,800
Cash paid for income taxes $ 3,789,500 $ 1,318,000