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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Feb. 28, 2023
Feb. 28, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings (loss) $ (2,504,900) $ 8,306,800
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,478,700 2,126,700
Deferred income taxes (678,100) (208,600)
Provision for doubtful accounts 0 115,800
Provision for inventory valuation allowance 715,900 235,700
Share-based compensation expense - net 907,800 1,046,500
Changes in assets and liabilities:    
Accounts receivable 732,100 (407,900)
Inventories - net 9,086,900 (21,396,900)
Prepaid expenses and other assets (233,200) (209,200)
Accounts payable (8,547,900) (6,201,300)
Accrued salaries and commissions, and other liabilities (1,578,000) (2,868,300)
Deferred revenues (78,900) (1,794,300)
Income taxes payable/receivable (241,900) 111,700
Total adjustments 2,563,400 (29,450,100)
Net cash provided by (used in) operating activities 58,500 (21,143,300)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (1,578,800) (3,717,200)
Purchases of other assets (177,000) (223,700)
Net cash used in investing activities (1,755,800) (3,940,900)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on term debt (25,900,100) (1,277,700)
Payments on debt issuance costs (178,400) 0
Proceeds from term debt 36,000,000 15,244,700
Sales of treasury stock 63,400 617,100
Net borrowings (payments) under line of credit (7,089,000) 12,478,200
Dividends paid (870,700) (3,429,100)
Net cash provided by financing activities 2,025,200 23,633,200
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 327,900 (1,451,000)
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 361,200 1,812,200
CASH AND CASH EQUIVALENTS - END OF YEAR 689,100 361,200
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid for interest 1,986,000 890,000
Cash paid for income taxes (net of refunds) $ (3,900) $ 2,970,000