XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Aug. 31, 2014
Feb. 28, 2014
Current Assets    
Cash and cash equivalents $ 8,396,786 $ 5,859,729
Accounts receivable, less allowance for doubtful accounts of $663,185 and $543,683, respectively 4,095,952 5,347,752
Notes receivable, current portion, less current portion of the valuation allowance of $28,826 and $33,047, respectively 339,758 357,360
Refundable income taxes 234,170 160,890
Inventories, less reserve for slow moving inventory of $198,134 and $204,068, respectively 5,234,623 4,410,763
Deferred income taxes 686,027 538,871
Other 448,113 316,378
Total current assets 19,435,429 16,991,743
Property and Equipment, Net 7,068,653 8,488,198
Other Assets    
Notes receivable, less current portion and valuation allowance of $29,300 and $24,200, respectively 930,640 509,784
Goodwill, net 4,130,444 4,216,444
Franchise Rights, net 6,322,150 6,489,248
Intangible assets, net 585,421 602,183
Other 178,455 167,939
Total other assets 12,147,110 11,985,598
Total Assets 38,651,192 37,465,539
Current Liabilities    
Current maturities of long term debt 706,693 108,023
Accounts payable 1,961,335 1,971,530
Accrued salaries and wages 571,799 776,567
Other accrued expenses 2,738,636 2,627,872
Dividend payable 682,399 675,422
Deferred income 1,562,901 1,798,781
Total current liabilities 8,223,763 7,958,195
Long-Term Debt, Less Current Maturities 5,693,307 6,291,977
Deferred Income Taxes 1,062,274 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, 6,203,905 and 6,140,200 issued and outstanding, respectively 186,117 184,206
Additional paid-in capital 10,208,537 9,892,973
Retained earnings 10,568,995 10,344,794
Non-controlling interest in equity of subsidiary 2,708,199 1,742,905
Total stockholders’ equity 23,671,848 22,164,878
Total liabilities and stockholders’ equity 38,651,192 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