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Consolidated Balance Sheets (May 31, 2012 unaudited) (USD $)
May 31, 2012
Feb. 29, 2012
Current Assets    
Cash and cash equivalents $ 5,051,215 $ 4,125,444
Accounts receivable, less allowance for doubtful accounts of $570,841 and $488,448, respectively 3,488,379 4,078,158
Notes receivable, current portion 275,633 283,225
Refundable income taxes 143,537 724,911
Inventories, less reserve for obsolete inventory of $254,132 and $249,500, respectively 3,743,495 4,119,073
Deferred income taxes 533,231 487,274
Other 465,252 281,282
Total current assets 13,700,742 14,099,367
Property and Equipment, Net 8,452,052 8,515,644
Other Assets    
Notes receivable, less current portion and valuation allowance of $102,453 and $95,703, respectively 320,241 344,474
Goodwill, net 1,046,944 1,046,944
Intangible assets, net 19,617 22,111
Other 136,995 134,430
Total other assets 1,523,797 1,547,959
Total Assets 23,676,591 24,162,970
Current Liabilities    
Accounts payable 924,430 1,355,818
Accrued salaries and wages 485,147 653,276
Other accrued expenses 683,187 760,860
Dividend payable 675,731 616,239
Deferred income 145,500 156,000
Total current liabilities 2,913,995 3,542,193
Deferred Income Taxes 1,862,085 1,884,957
Commitments and Contingencies      
Preferred stock, $.10 par value; 250,000 authorized; 0 shares issued and outstanding    
Common stock, $.03 par value, 100,000,000 shares authorized, 6,143,009 and 6,162,389 issued and outstanding, respectively 184,290 184,872
Additional paid-in capital 8,491,418 8,712,743
Retained earnings 10,224,803 9,838,205
Total stockholders’ equity 18,900,511 18,735,820
Total Liabilities and Stockholders’ Equity 23,676,591 24,162,970
Series A Junior Participating Preferred Stock [Member]
   
Preferred stock, $.10 par value; 250,000 authorized; 0 shares issued and outstanding    
Preferred Stock      
Undesignated Series [Member]
   
Preferred stock, $.10 par value; 250,000 authorized; 0 shares issued and outstanding    
Preferred Stock