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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2016
Feb. 28, 2015
Current Assets    
Cash and cash equivalents $ 491 $ 62
Trading investments, at fair value 145 2,516
Accounts receivable, less allowance for bad debts of $16 and $52, respectively 1,072 1,504
Note receivable 200 32
Inventories, net 4,476 7,005
Income taxes refundable   720
Prepaid expenses and other current assets 104 61
Assets of discontinued operations 3,361 2,831
Total current assets 9,849 14,731
Property, plant, and equipment    
Land 154 154
Buildings 2,614 2,593
Machinery and equipment 3,507 7,282
Construction in process 94  
Total property, plant and equipment 6,369 10,029
Accumulated depreciation (5,073) (8,658)
Net property, plant, and equipment 1,296 1,371
Note receivable 728 1,070
Intangible assets, net   559
Other assets 29 29
Assets of discontinued operations 42 70
Total assets 11,944 17,830
Current liabilities    
Accounts payable 720 719
Accrued liabilities 616 603
Current maturities of long-term debt 52 50
Notes payable to officers and directors 85  
Billings in excess of costs 160  
Liabilities of discontinued operations 1,420 1,145
Total current liabilities 3,053 2,517
Long-term debt, less current maturities 131 183
Deferred rent 300 420
Total liabilities $ 3,484 $ 3,120
Shareholders' Equity    
Preferred stock, no par value - 10,000 shares authorized; none issued and outstanding
Common stock, no par value - 50,000 shares authorized; 9,732 issued and 5,891 outstanding at February 29, 2016, and 9,732 issued and 5,962 outstanding at February 28, 2015 $ 7,293 $ 7,293
Additional paid-in capital 182 170
Retained earnings 17,253 23,399
Treasury stock, 3,841 shares at February 29, 2016 and 3,770 shares at February 28, 2015, at cost (16,268) (16,152)
Total shareholders' equity 8,460 14,710
Total liabilities and shareholders' equity $ 11,944 $ 17,830