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Balance Sheets - USD ($)
$ in Thousands
May 31, 2021
Feb. 28, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 3,019 $ 3,785
Marketable securities 270 248
Accounts receivable 2,332 1,306
Inventories, net 2,627 2,721
Prepaid expenses and other current assets 393 372
Total current assets 8,641 8,432
Property, plant and equipment, net 4,805 281
Operating lease - right-of-use asset 240 340
Other assets 37 40
Total assets 13,723 9,093
CURRENT LIABILITIES    
Accounts payable 514 165
Customer deposits 265 49
Operating lease liability 266 377
Finance lease liability 9 9
Notes payable (PPP loan) 92 43
Mortgage loan 100 0
Accrued expenses and other current liabilities 960 740
Total current liabilities 2,206 1,383
Notes payable (PPP Loan) 715 764
Operating lease liability 0 0
   Mortgage loan, net of current 2,832 0
Finance lease liability, net of current 10 13
Total liabilities 5,763 2,160
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 May 31 2021 and February 28, 2021 21 21
Additional paid-in capital 1,834 1,834
Retained earnings 7,517 6,490
Less treasury stock (1,412) (1,412)
Total stockholders' equity 7,960 6,933
Total liabilities and stockholders' equity $ 13,723 $ 9,093