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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Feb. 28, 2022
Feb. 28, 2021
STATEMENTS OF CASH FLOWS    
Net income $ 3,508,000 $ 1,381,000
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 264,000 225,000
Operating lease expense 340,000 383,000
Net realized and unrealized (gains) on investments (44,000) (134,000)
Stock based compensation 0 75,000
PPP loan forgiveness (812,000) 0
Gain on sale of fixed assets (17,000) 0
Changes in Operating Assets and Liabilities:    
Accounts receivable (285,000) 73,000
Inventories 461,000 149,000
Prepaid expenses and other current assets 176,000 (254,000)
Other assets 36,000 5,000
Payments on operating lease liabilities (377,000) (417,000)
Payments on capital lease liabilities (9,000) 0
Accounts payable (30,000) (104,000)
Customer deposits (25,000) (4,000)
Accrued expenses, other current and non-current liabilities 148,000 296,000
Net cash provided by operating activities 3,334,000 1,674,000
Investing activities    
Proceeds from sale of marketable securities 270,000 530,000
Purchases of marketable securities (660,000) (477,000)
Expenditures on construction in progress (609,000) 0
Purchases of property and equipment (4,890,000) (75,000)
Net cash (used in) investing activities (5,889,000) (22,000)
Financing activities    
Proceeds from mortgage loan 2,940,000 807,000
Principal payments on mortgage loan (82,000) 0
Purchase of treasury stock 0 (6,000)
Net cash provided by financing activities 2,858,000 801,000
Net increase in cash and cash equivalents 303,000 2,453,000
Cash and cash equivalents - beginning of the year 3,785,000 1,332,000
Cash and cash equivalents - end of period 4,088,000 3,785,000
Non-cash transactions    
Non-cash increase in plant, property and equipment 0 26,000
Supplemental disclosures of cash flow data    
Income taxes paid 0 0
Interest expense paid $ 102,000 $ 0