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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2019
Feb. 28, 2018
Current assets    
Cash and cash equivalents $ 410 $ 81
Trading investments, at fair value   180
Accounts receivable, less allowance for bad debts of $16 and $19 1,746 664
Inventories, net 3,451 4,584
Prepaid expenses and other current assets 476 65
Total current assets 6,292 5,765
Property, plant and equipment:    
Land 154 154
Buildings 2,760 2,799
Construction in progress 73  
Machinery and equipment 5,732 5,753
Total property, plant and equipment 8,719 8,706
Accumulated depreciation (7,398) (7,243)
Net property, plant and equipment 1,321 1,463
Notes receivable due from officers and directors, noncurrent (Note 4) 189 398
Investment in real estate partnership – related party (Note 9)   375
Other noncurrent assets 5 26
Total assets 7,807 8,027
Current liabilities    
Accounts payable 1,008 1,054
Accrued liabilities 382 877
Customer deposits 865 439
Contract liabilities 235  
Line of credit   227
Current maturities of long-term debt 23 55
Deferred rent revenue   60
Note payable for acquisition (Note 13) 100 100
Total current liabilities 2,938 3,003
Long-term debt, less current maturities 0 23
Notes payable to officers and directors, less current maturities (Note 4) 189 398
Other noncurrent liabilities 19 17
Total liabilities 3,146 3,441
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; 5,878 outstanding at February 28, 2019 and 5,887 outstanding at February 28, 2018 7,293 7,293
Additional paid-in capital 274 256
Retained earnings 13,376 13,309
Treasury stock, 3,854 and 3,845 shares at February 28, 2019 and February 28, 2018, at cost (16,282) (16,272)
Total shareholders' equity 4,661 4,586
Total liabilities and shareholders' equity 7,807 8,027
Officers and Directors    
Current assets    
Notes receivable due from officers and directors, current (Note 4) 209 191
Current liabilities    
Notes payable $ 325 $ 191