Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Feb. 29, 2020 |
Feb. 28, 2019 |
| Operating Activities |
|
|
| Net (loss) income |
$ (1,206)
|
$ 67
|
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
226
|
256
|
| Change in provision for doubtful accounts |
(7)
|
(3)
|
| Changes in provision for inventory reserve |
(63)
|
(540)
|
| Deferred rental income |
|
(60)
|
| Non-cash charge for share based compensation |
7
|
18
|
| Gain on disposal of assets |
|
(33)
|
| Realized/unrealized gain on investments |
(12)
|
(42)
|
| Changes in working capital items: |
|
|
| Accounts receivable |
681
|
(1,079)
|
| Inventories |
(866)
|
1,673
|
| Prepaid expenses and other assets |
69
|
(390)
|
| Accounts payable and accrued liabilities |
440
|
(332)
|
| Customer deposits |
1,182
|
661
|
| Other liabilities |
14
|
2
|
| Net cash provided by operating activities |
465
|
198
|
| Investing Activities |
|
|
| Capital expenditures |
(135)
|
(152)
|
| Proceeds from sale of investment in real estate partnership - related party (Note 9) |
|
166
|
| Purchases of investments |
(60)
|
(981)
|
| Proceeds from sale of equipment |
|
71
|
| Proceeds from sale of investments |
72
|
1,309
|
| Net cash (used in) provided by investing activities |
(123)
|
413
|
| Financing Activities |
|
|
| Proceeds from related party loans |
148
|
406
|
| Repayments of long-term debt |
(23)
|
(55)
|
| Proceeds from line of credit |
917
|
647
|
| Repayments on line of credit |
(917)
|
(874)
|
| Purchase of treasury stock |
|
(10)
|
| Payments on marginal float |
|
(106)
|
| Repayments of notes payable to officers and directors |
(33)
|
(290)
|
| Net cash provided by (used in) financing activities |
92
|
(282)
|
| Net change in cash and cash equivalents |
434
|
329
|
| Cash and cash equivalents, beginning of year |
410
|
81
|
| Cash and cash equivalents, end of year |
$ 844
|
$ 410
|