Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 29, 2016

Working Capital and Liquid Asset Position

Related to these operational results the Company’s working capital and liquid asset position deteriorated during the year ended February 29, 2016 as presented below:

	February 29, 2016		February 28, 2015
Working capital	$	4,855	$	10,528
Liquid assets	$	636	$	2,578

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 29, 2016 and February 28, 2015 (in thousands):

	February 29, 2016			Level 1 Assets and Liabilities			Level 2 Assets and Liabilities		Level 3 Assets and Liabilities
Current trading investments:
Stocks, options, and ETF (long)	$	542		$	542			—		—
Total value of investments		542			542			—		—
Current liabilities:
Margin balance		(397	)		(397	)		—		—
Total value of liabilities		(397	)		(397	)		—		—
Total	$	145		$	145			—		—
	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			—		—

Roll-forward of Allowance for Doubtful Accounts

The following is a roll-forward of the allowance for doubtful accounts (in thousands):

Description	Balance at Beginning of Period		Additions: Charged to Costs and Expenses		Deductions			Balance at End of Period
February 29, 2016	$	52	$	17	$	(53	)	$	16
February 28, 2015	$	40	$	27	$	(15	)	$	52

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 2016 and 2015, (in thousands, except for per share data):

	Net Income (loss)			Average Shares Outstanding		Net Income (loss) Per Share
2016
Basic-continuing operations	$	(6,674	)		5,909	$	(1.13	)
Basic-discontinued operations		528			5,909		0.09
Effect of dilution:
Options		—			1		0.00
Diluted earnings per share	$	(6,146	)		5,910	$	(1.04	)
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	)