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Consolidated Balance Sheets (Current Period Unaudited) (USD $)
May 31, 2014
Feb. 28, 2014
Current Assets    
Cash and cash equivalents $ 9,794,973 $ 5,859,729
Accounts receivable, less allowance for doubtful accounts of $587,056 and $543,683, respectively 3,967,871 5,347,752
Notes receivable, current portion, less current portion of the valuation allowance of $33,926 and $33,047, respectively 343,832 357,360
Refundable income taxes   160,890
Inventories, less reserve for obsolete inventory of $200,129 and $204,068, respectively 4,217,089 4,410,763
Deferred income taxes 614,723 538,871
Other 372,797 316,378
Total current assets 19,311,285 16,991,743
Property and Equipment, Net 8,334,194 8,488,198
Other Assets    
Notes receivable, less current portion and valuation allowance of $24,200 and $24,200, respectively 583,597 509,784
Goodwill, net 4,216,444 4,216,444
Franchise rights, net 6,405,699 6,489,248
Intangible assets, net 593,802 602,183
Other 153,775 167,939
Total other assets 11,953,317 11,985,598
Total Assets 39,598,796 37,465,539
Current Liabilities    
Current maturities of long term debt 405,938 108,023
Accounts payable 2,274,765 1,971,530
Accrued salaries and wages 702,378 776,567
Other accrued expenses 2,888,171 2,627,872
Dividend payable 682,090 675,422
Deferred income 1,779,148 1,798,781
Total current liabilities 8,732,490 7,958,195
Long-Term Debt, Less Current Maturities 5,994,062 6,291,977
Deferred Income Taxes 1,056,176 1,050,489
Commitments and Contingencies 0 0
Stockholders’ Equity    
Preferred stock value 0 0
Common stock, $.03 par value, 100,000,000 shares authorized, 6,080,290 and 6,068,470 issued and outstanding, respectively 186,025 184,206
Additional paid-in capital 10,625,920 9,892,973
Retained earnings 10,374,037 10,344,794
Non-controlling interest in equity of subsidiary 2,630,086 1,742,905
Total stockholders’ equity 23,816,068 22,164,878
Total Liabilities and Stockholders’ Equity 39,598,796 37,465,539
Series A Preferred Stock [Member]
   
Stockholders’ Equity    
Preferred stock value 0 0
Undesignated Series [Member]
   
Stockholders’ Equity    
Preferred stock value $ 0 $ 0