CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
|
6 Months Ended |
Aug. 31, 2015 |
Aug. 31, 2014 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
$ 927,800
|
$ (2,429,500)
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Purchases of property, plant and equipment |
(397,300)
|
(114,300)
|
| Net cash used in investing activities |
(397,300)
|
(114,300)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Cash paid to acquire treasury stock |
(200)
|
(4,400)
|
| Cash received from sales of treasury stock |
92,900
|
85,500
|
| Borrowings under revolving credit agreement |
1,550,000
|
2,900,000
|
| Payments under revolving credit agreement |
(1,600,000)
|
(400,000)
|
| Dividends paid |
(645,000)
|
(637,400)
|
| Net cash (used in) provided by financing activities |
(602,300)
|
1,943,700
|
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
(71,800)
|
(600,100)
|
| CASH AND CASH EQUIVALENTS—BEGINNING OF PERIOD |
383,900
|
680,000
|
| CASH AND CASH EQUIVALENTS—END OF PERIOD |
312,100
|
79,900
|
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: |
|
|
| Cash paid for interest |
43,400
|
20,000
|
| Cash paid for income taxes |
$ 366,600
|
$ 326,500
|