v3.24.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2024
May 31, 2023
Cash Flows From Operating Activities    
Net Income (Loss) $ (1,658) $ (823)
Less: Earnings from discontinued operations, net of tax 0 704
Loss from continuing operations (1,658) (1,527)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 238 201
Provision for obsolete inventory 13 28
Loss (gain) on sale or disposal of property and equipment 55 (22)
Expense recorded for stock compensation 40 202
Changes in operating assets and liabilities:    
Accounts receivable (255) 197
Refundable income taxes (6) 36
Inventories 372 676
Other current assets 161 (120)
Accounts payable (463) (185)
Accrued liabilities (637) 141
Contract liabilities (17) (9)
Net cash used in operating activities of continuing operations (2,157) (382)
Net cash used in operating activities of discontinued operations 0 (40)
Net cash used in operating activities (2,157) (422)
Cash Flows from Investing Activities    
Addition to notes receivable 0 (48)
Proceeds received on notes receivable 21 15
Proceeds from the sale of assets 358 28
Purchases of property and equipment (417) (550)
Net cash used in investing activities of continuing operations (38) (555)
Net cash provided by investing activities of discontinued operations 0 1,408
Net cash provided by (used in) investing activities (38) 853
Cash Flows from Financing Activities    
Proceeds from line of credit 750 0
Net cash provided by financing activities of discontinued operations 0 0
Net cash provided by financing activities 750 0
Net Increase (Decrease) in Cash and Cash Equivalents (1,445) 431
Cash and Cash Equivalents, Beginning of Period 2,082 4,718
Cash and Cash Equivalents, End of Period $ 637 $ 5,149

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