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Balance Sheets - USD ($)
$ in Thousands
May 31, 2022
Feb. 28, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 4,284 $ 4,088
Marketable securities 821 684
Accounts receivable 1,128 1,591
Inventories, net 2,329 2,260
Prepaid expenses and other current assets 306 196
TOTAL CURRENT ASSETS 8,868 8,819
Property, plant and equipment, net 4,996 4,926
Construction in progress 1,689 609
Other assets 4 4
TOTAL ASSETS 15,557 14,358
CURRENT LIABILITIES    
Accounts payable 580 135
Customer deposits 24 24
Finance lease liability 9 9
Mortgage loan, current portion 104 103
Accrued expenses and other current liabilities 899 888
TOTAL CURRENT LIABILITIES 1,616 1,159
Mortgage loan, net of current portion 2,728 2,755
Finance lease liability, net of current portion 1 3
TOTAL LIABILITIES 4,345 3,917
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,2,083,436 shares outstanding, net of 487,827 treasury shares at May 31, 2022 and 2,083,436 shares outstanding, net of 487,827 treasury shares at February 28, 2022, respectively 21 21
Additional paid-in capital 1,834 1,834
Retained Earnings 10,769 9,998
Less treasury stock (1,412) (1,412)
TOTAL STOCKHOLDERS' EQUITY 11,212 10,441
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 15,557 $ 14,358