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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Feb. 28, 2015
Financial Assets and Liabilities Measured on Recurring Basis

The following table sets forth our financial assets and liabilities that were accounted for at fair value on a recurring basis as of February 28, 2015 and February 28, 2014 (in thousands):

 

     February 28, 2015      Level 1 Assets
and Liabilities
     Level 2 Assets
and Liabilities
     Level 3 Assets
and Liabilities
 

Current trading investments:

           

Stocks, options, and ETF (long)

     6,308         6,308         —           —     

Stocks, options, and ETF (short)

     (10      (10      —           —     

Mutual Funds

     226         226         —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total value of investments

$ 6,524    $ 6,524      —        —     

Current Liabilities:

Margin balance

  (4,008   (4,008   —        —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total value of liabilities

  (4,008   (4,008   —        —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

$ 2,516    $ 2,516      —        —     
  

 

 

    

 

 

    

 

 

    

 

 

 
     February 28, 2014      Level 1 Assets
and Liabilities
     Level 2 Assets
and Liabilities
     Level 3 Assets
and Liabilities
 

Current trading investments:

           

Other

     123         123         

Stocks, options, and ETF (long)

     4,764         4,764         —           —     

Stocks, options, and ETF (short)

     (112      (112      —           —     

Mutual Funds

     139         139         —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total value of investments

$ 4,913    $ 4,913      —        —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

$ 4,914    $ 4,914      —        —     
  

 

 

    

 

 

    

 

 

    

 

 

 
Roll-forward of Allowance for Doubtful Accounts

The following is a roll-forward of the Allowance for Doubtful Accounts (in thousands):

 

            Additions:                

Description

   Balance at
Beginning
of Period
     Charged to
Costs and
Expenses
     Deductions      Balance at
End of
Period
 

February 28, 2015

   $ 40       $ 27       $ 15       $ 52   

February 28, 2014

     21         30         11         40   
Reconciliation of Basic Earnings (loss) Per Share to Diluted Earnings (loss) Per Share

The following is a reconciliation of basic earnings (loss) per share to diluted earnings (loss) per share for 2015 and 2014, (in thousands, except for per share data):

 

     Net Income
(loss)
    

Average Shares

Outstanding

     Net Income(loss)
Per Share
 

2015

        

Basic-continuing operations

   $ (6,037      6,384       $ (0.95

Basic-discontinued operations

     44         6,384         0.01   

Effect of dilution:

        

Options

     —           9         0.00   
  

 

 

    

 

 

    

 

 

 

Diluted earnings per share

$ (5,993   6,393    $ (0.94
  

 

 

    

 

 

    

 

 

 

2014

Basic-continuing operations

$ (5,460   7,557    $ (0.72

Basic-discontinued operations

  2,779      7,557      0.37   

Effect of dilution:

Options

  —        25      0.00   
  

 

 

    

 

 

    

 

 

 

Diluted earnings per share

$ (2,681   7,582    $ (0.35