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Interim Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2021
Feb. 28, 2021
Current assets    
Cash and cash equivalents $ 842 $ 293
Accounts receivable, less allowance for doubtful accounts of $6 and $12 434 1,314
Inventories, net 3,929 4,027
Contract assets 1,021 1,534
Prepaid expenses and other current assets 320 279
Total current assets 6,546 7,447
Property, plant, and equipment    
Buildings 772 766
Construction in progress   130
Machinery and equipment 5,309 5,162
Total property, plant and equipment 6,081 6,058
Accumulated depreciation (5,042) (4,979)
Net property, plant, and equipment 1,039 1,079
Right of use assets under operating leases 996 1,127
Intangible assets, net 215 247
Other noncurrent assets 2 2
Total assets 8,798 9,902
Current liabilities    
Accounts payable 528 602
Accrued liabilities 652 728
Customer deposits 1,667 1,717
Note payable 86 100
Current maturities of financing lease obligations 98 98
Current operating lease liabilities 573 601
Total current liabilities 3,604 3,846
PPP related loans, noncurrent 1,084 1,084
Finance lease obligations less current maturities 124 142
Long-term operating lease liabilities 457 556
Total liabilities 5,269 5,628
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 5,878 outstanding at May 31, 2021, and at February 28, 2021 7,293 7,293
Additional paid-in capital 281 281
Retained earnings 12,237 12,982
Treasury stock, shares at cost; 3,854 at May 31, 2021 and February 28, 2021 (16,282) (16,282)
Total shareholders' equity 3,529 4,274
Total liabilities and shareholders' equity $ 8,798 $ 9,902