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Note 12 - Summarized Quarterly Data (Unaudited)

12 Months Ended

Feb. 28, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

NOTE 12 – SUMMARIZED QUARTERLY DATA (UNAUDITED)

Following is a summary of the quarterly results of operations for the fiscal years ended February 28 or 29, 2014 and 2013:

	Fiscal Quarter
	First		Second		Third		Fourth		Total
2014
Total revenue	$	10,177,862	$	8,663,161	$	9,279,994	$	11,063,790	$	39,184,807
Gross margin before depreciation		3,151,525		2,985,223		2,739,681		3,172,433		12,048,862
Net income		1,179,307		1,027,784		699,174		1,486,179		4,392,444
Basic earnings per share		.19		.17		.11		.24		.72
Dilute earnings per share		.19		.16		.11		.23		.68

	Fiscal Quarter
	First		Second		Third			Fourth		Total
2013
Total revenue	$	9,658,193	$	7,729,837	$	8,635,804		$	10,291,367	$	36,315,201
Gross margin before depreciation		3,068,390		2,560,569		2,558,493			3,001,471		11,188,923
Net income (loss)		1,062,329		828,782		(509,484	)		96,585		1,478,212
Basic earnings (loss) per share		.17		.14		(.08	)		.02		.24
Diluted earnings (loss) per share		.17		.13		(.08	)		.02		.24

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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