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Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Aug. 31, 2013
Feb. 28, 2013
Assets    
Cash and cash equivalents $ 4,138,645 $ 5,321,696
Accounts receivable, less allowance for doubtful accounts of $615,242 and $507,806, respectively 3,442,083 3,916,320
Notes receivable, current portion, less current portion of the valuation allowance of $10,382 and $10,382, respectively 498,650 197,078
Refundable income taxes 113,578  
Inventories, less reserve for slow moving inventory of $204,563 and $253,148, respectively 5,183,894 4,221,036
Deferred income taxes 581,269 628,633
Other 516,906 259,170
Total current assets 14,475,025 14,543,933
Property and Equipment, Net 6,742,222 6,777,143
Notes receivable, less current portion and valuation allowance of $59,900 and $37,400, respectively 588,170 469,362
Goodwill, net 1,046,944 1,046,944
Franchise Rights 800,000 800,000
Intangible assets, net 15,193 635
Other 149,086 195,928
Total other assets 2,599,393 2,512,869
Total Assets 23,816,640 23,833,945
Liabilities and Stockholders’ Equity    
Accounts payable 1,482,191 1,998,897
Accrued salaries and wages 403,089 1,184,739
Other accrued expenses 1,201,331 1,294,487
Dividend payable 672,745 667,532
Deferred income 447,439 417,484
Total current liabilities 4,206,795 5,563,139
Deferred Income Taxes 822,139 881,694
Stockholders’ Equity    
Undesignated series, authorized 200,000 shares 0 0
Common stock, $.03 par value, 100,000,000 shares authorized, 6,115,860 and 6,068,470 issued and outstanding, respectively 183,476 182,054
Additional paid-in capital 7,910,130 7,559,442
Retained earnings 9,507,609 8,642,093
Non-controlling interest in equity of subsidiary 1,186,491 1,005,523
Total stockholders’ equity 18,787,706 17,389,112
Total liabilities and stockholders’ equity $ 23,816,640 $ 23,833,945