CONDENSED STATEMENTS OF EARNINGS - USD ($)
|
3 Months Ended |
May 31, 2020 |
May 31, 2019 |
| NET REVENUES |
$ 38,291,700
|
$ 27,587,400
|
| COST OF GOODS SOLD |
11,395,500
|
9,056,200
|
| Gross margin |
26,896,200
|
18,531,200
|
| OPERATING EXPENSES |
|
|
| Operating and selling |
6,340,200
|
4,383,900
|
| Sales commissions |
13,600,500
|
8,533,000
|
| General and administrative |
4,536,000
|
3,938,200
|
| Total operating expenses |
24,476,700
|
16,855,100
|
| INTEREST EXPENSE |
182,200
|
232,000
|
| OTHER INCOME |
(406,600)
|
(402,400)
|
| EARNINGS BEFORE INCOME TAXES |
2,643,900
|
1,846,500
|
| INCOME TAXES |
712,800
|
482,900
|
| NET EARNINGS |
$ 1,931,100
|
$ 1,363,600
|
| BASIC AND DILUTED EARNINGS PER SHARE |
|
|
| Basic (in Dollars per share) |
$ 0.23
|
$ 0.17
|
| Diluted (in Dollars per share) |
$ 0.23
|
$ 0.17
|
| WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING |
|
|
| Basic (in Shares) |
8,352,424
|
8,184,272
|
| Diluted (in Shares) |
8,352,424
|
8,191,062
|
| Dividends per share (in Dollars per share) |
$ 0.06
|
$ 0.05
|
| Gross Sales [Member] |
|
|
| REVENUES |
$ 46,896,900
|
$ 36,473,700
|
| Discounts and Allowances [Member] |
|
|
| WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING |
|
|
| Less discounts and allowances |
(12,895,900)
|
(11,331,400)
|
| Transportation Revenue [Member] |
|
|
| REVENUES |
$ 4,290,700
|
$ 2,445,100
|