v3.22.2.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Sep. 01, 2022
Aug. 31, 2022
Sep. 01, 2021
Aug. 31, 2021
Cash Flows From Operating Activities            
Net income (loss) $ (3,641,186) $ 196,933 $ (3,756,127) $ (3,756,127) $ 776,738 $ 776,738
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation and amortization 288,244 306,276   575,429   606,190
Provision for obsolete inventory       32,862   99,819
Provision for loss on accounts and notes receivable       (119,000)   0
Loss (gain) on sale or disposal of property and equipment       3,571   (142,466)
Expense recorded for stock compensation       280,637   269,624
Deferred income taxes       1,388,271   (57,686)
Changes in operating assets and liabilities:            
Accounts receivable       92,487   (262,560)
Refundable income taxes       304,779   147,877
Inventories       (2,068,878)   (1,199,304)
Contract liabilities       14,952   11,747
Other current assets       (152,718)   (107,238)
Accounts payable       2,213,952   1,201,485
Accrued liabilities       (394,910)   83,230
Net cash (used in) provided by operating activities       (1,584,693)   1,427,456
Addition to notes receivable       (54,543)   0
Proceeds received on notes receivable       31,015   45,121
Proceeds from sale or distribution of assets       1,529   206,336
Purchases of property and equipment (296,519) (113,427)   (586,879)   (570,862)
Decrease (Increase) in other assets       10,000   (10,000)
Net cash used in investing activities       (598,878)   (329,405)
Net Increase (Decrease) in Cash and Cash Equivalents       (2,183,571)   1,098,051
Cash and Cash Equivalents, Beginning of Period     $ 7,587,374 7,587,374 $ 5,633,279 5,633,279
Cash and Cash Equivalents, End of Period $ 5,403,803 $ 6,731,330   $ 5,403,803   $ 6,731,330

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