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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
May. 31, 2015
Feb. 28, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 929 $ 820
Treasury bills and certificates of deposit 7,212 6,971
Accounts receivable, less allowance for doubtful accounts of $2 907 1,018
Inventories, net (Note 4) 3,848 4,197
Prepaid expenses and other current assets 210 123
TOTAL CURRENT ASSETS 13,106 13,129
PROPERTY, PLANT AND EQUIPMENT, net 490 458
OTHER ASSETS 8 8
TOTAL ASSETS 13,604 13,595
CURRENT LIABILITIES    
Accounts payable - Post-petition 225 425
Customer deposits 25 20
Accrued expenses and other liabilities (Note 7) 1,344 632
TOTAL CURRENT LIABILITIES 1,594 1,077
TOTAL LIABILITIES $ 1,594 $ 1,077
COMMITMENTS AND CONTINGENCIES    
STOCKHOLDERS' EQUITY    
Preferred stock, $.01 par value, authorized 500,000 shares, none issued    
Common stock, $.01 par value, authorized 10,000,000 shares, 2,187,132 and 2,185,832 shares issued and outstanding, net of 273,230 shares of treasury stock as of May 31, 2015 and February 28, 2015 respectively $ 23 $ 23
Additional paid-in capital 2,751 2,749
Accumulated other comprehensive income 15 15
Retained earnings 9,496 10,006
Less treasury stock (275) (275)
TOTAL STOCKHOLDERS' EQUITY 12,010 12,518
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 13,604 $ 13,595