Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2020
Feb. 28, 2019
Current assets    
Cash and cash equivalents $ 844 $ 410
Accounts receivable, less allowance for bad debts of $9 and $16 1,305 1,746
Inventories, net 4,480 3,451
Prepaid expenses and other current assets 411 476
Total current assets 7,229 6,292
Property, plant and equipment:    
Land 154 154
Buildings 2,756 2,760
Construction in progress 106 73
Machinery and equipment 4,861 5,732
Total property, plant and equipment 7,877 8,719
Accumulated depreciation (6,607) (7,398)
Net property, plant and equipment 1,270 1,321
Notes receivable due from officers and directors, noncurrent (Note 4)   189
Right of use assets under operating leases 1,631  
Intangible assets, net 387  
Other noncurrent assets 2 5
Total assets 10,519 7,807
Current liabilities    
Accounts payable 1,256 1,008
Accrued liabilities 499 382
Customer deposits 2,338 1,100
Current maturities of long-term debt 0 23
Current operating lease liabilities 557  
Note payable 100 100
Total current liabilities 5,966 2,938
Long-term operating lease liabilities 1,091  
Notes payable to officers and directors, less current maturities (Note 4)   189
Other noncurrent liabilities   19
Total liabilities 7,057 3,146
Shareholders' Equity    
Preferred stock, no par value – 10,000 shares authorized; none issued and outstanding
Common stock, no par value – 50,000 shares authorized; 9,732 issued; 5,878 outstanding at February 29, 2020 and February 28, 2019 7,293 7,293
Additional paid-in capital 281 274
Retained earnings 12,170 13,376
Treasury stock, 3,854 shares at February 29, 2020 and February 28, 2019, at cost (16,282) (16,282)
Total shareholders' equity 3,462 4,661
Total liabilities and shareholders' equity 10,519 7,807
Officers and Directors    
Current assets    
Notes receivable due from officers and directors, current (Note 4) 189 209
Current liabilities    
Notes payable to officers and directors, current (Note 4) $ 1,216 $ 325