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Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2021
Feb. 29, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 3,785 $ 1,332
Marketable securities 248 164
Accounts receivable 1,306 1,379
Inventories, net 2,721 2,870
Prepaid expenses and other current assets 372 118
TOTAL CURRENT ASSETS 8,432 5,863
Property, plant and equipment, net 281 405
Operating lease right-of-use asset 340 723
Other assets 40 45
TOTAL ASSETS 9,093 7,036
CURRENT LIABILITIES    
Accounts payable 165 269
Customer deposits 49 53
Operating lease liability 377 417
Finance lease liability 9 0
Notes payable (PPP loan) 43 0
Accrued expenses and other current liabilities 740 437
TOTAL CURRENT LIABILITIES 1,383 1,176
Note payable (PPP loan), net of current 764 0
Operating lease liability, net of current 0 377
Finance lease liability, net of current 13 0
TOTAL LIABILITIES 2,160 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, 2,083,462 shares outstanding, net of 487,801 treasury shares at February 28, 2021; 2,062,949 shares outstanding, net of 508,314 treasury shares at February 29, 2020, respectively 21 21
Additional paid-in capital 1,834 1,834
Retained Earnings 6,490 5,109
Less treasury stock (1,412) (1,481)
TOTAL STOCKHOLDERS' EQUITY 6,933 5,483
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 9,093 $ 7,036