v3.23.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
May 31, 2023
May 31, 2022
Cash Flows From Operating Activities    
Consolidated Net Loss $ (823,433) $ (114,941)
Less: Net Income from discontinued operations, net of tax 703,834 170,826
Net Loss from continuing operations (1,527,267) (285,767)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 202,085 188,893
Provision for obsolete inventory 27,957 59,796
Provision for loss on accounts and notes receivable 0 (100,000)
Loss (gain) on sale or disposal of property and equipment (22,392) 1,950
Expense recorded for stock compensation 201,634 131,597
Deferred income taxes 0 100,925
Changes in operating assets and liabilities:    
Accounts receivable 197,117 190,420
Refundable income taxes 35,563 170,875
Inventories 676,174 (762,523)
Contract Liabilities (9,457) (26,352)
Other current assets (119,613) (197,389)
Accounts payable (184,882) 475,858
Accrued liabilities 140,769 (193,960)
Net cash used in operating activities of continuing operations (382,312) (245,677)
Net cash (used in) provided by operating activities of discontinued operations (39,242) 256,975
Net cash (used in) provided by operating activities (421,554) 11,298
Addition to notes receivable (49,476) 0
Proceeds received on notes receivable 15,396 15,411
Proceeds from sale or distribution of assets 28,432 600
Purchases of property and equipment (549,534) (260,885)
Decrease in other assets 0 10,000
Net cash used in by investing activities of continuing operations (555,182) (234,874)
Net cash provided by (used in) investing activities of discontinued operations 1,408,500 (29,475)
Net cash provided by (used in) investing activities 853,318 (264,349)
Net Increase (Decrease) in Cash and Cash Equivalents 431,764 (253,051)
Cash and Cash Equivalents, Beginning of Period 4,717,068 7,587,374
Cash and Cash Equivalents, End of Period $ 5,148,832 $ 7,334,323

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