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BALANCE SHEETS (USD $)
In Thousands
May 31, 2011
Feb. 28, 2011
ASSETS    
Cash and cash equivalents $ 885 $ 539
Treasury bills 6,438 6,334
Accounts receivable, less allowance for doubtful accounts of $2 865 937
Inventories, net (Note 5) 3,116 3,031
Prepaid expenses 152 102
TOTAL CURRENT ASSETS 11,456 10,943
PROPERTY, PLANT AND EQUIPMENT, net 675 723
OTHER ASSETS 48 46
TOTAL ASSETS 12,179 11,712
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 363 236
Pre petition liabilities 1,023 1,030
Customer deposits 141 102
Accrued expenses (Note 8) 782 726
TOTAL CURRENT LIABILITIES 2,309 2,094
LONG-TERM LIABILITIES, net of current portion 138 138
TOTAL LIABILITIES 2,447 2,232
COMMITMENTS AND CONTINGENCIES    
STOCKHOLDERS' EQUITY    
Preferred stock, $.01 par value, authorized 500,000 shares, none issued 0 0
Common stock, $.01 par value, authorized 10,000,000 shares, 2,267,775 shares issued and outstanding, net of 173,287 shares of treasury stock as of May 31, 2011 2,266,775 shares issued and outstanding, net of 173,287 shares of treasury stock as of Feb 28, 2011 23 23
Additional paid-in capital 2,736 2,735
Retained earnings 6,973 6,722
TOTAL STOCKHOLDERS' EQUITY 9,732 9,480
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 12,179 $ 11,712