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Balance Sheets - USD ($)
$ in Thousands
May 31, 2020
Feb. 29, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 1,549 $ 1,332
Securities 211 164
Accounts receivable 1,300 1,379
Inventories, net 3,290 2,870
Prepaid expenses and other current assets 178 118
Total current assets 6,528 5,863
Property, plant and equipment, net 369 405
Operating lease - right-of-use asset 630 723
Other assets 45 45
Total assets 7,572 7,036
CURRENT LIABILITIES    
Accounts payable 313 269
Customer deposits 24 53
Operating lease liability 427 417
Accrued expenses and other current liabilities 690 437
Total current liabilities 1,454 1,176
Operating lease liability, net of current 266 377
Total liabilities 1,720 1,553
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, 2,062,949 shares outstanding, net of 508,314 treasury shares at May 31, 2020 and February 29, 2020 21 21
Additional paid-in capital 1,834 1,834
Retained earnings 5,478 5,109
Less treasury stock (1,481) (1,481)
Total stockholders' equity 5,852 5,483
Total liabilities and stockholders' equity $ 7,572 $ 7,036