v3.22.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
May 31, 2022
May 31, 2021
Cash Flows From Operating Activities    
Net income (loss) $ (114,941) $ 579,805
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 287,184 299,914
Provision for obsolete inventory 59,796 33,285
Provision for loss on accounts and notes receivable (100,000) 0
Loss (gain) on sale or disposal of property and equipment 1,950 (164,286)
Expense recorded for stock compensation 131,597 146,157
Deferred income taxes 114,306 23,076
Changes in operating assets and liabilities:    
Accounts receivable 142,072 (114,876)
Refundable income taxes 170,875 255,974
Inventories (750,752) (386,868)
Contract Liabilities (30,720) (6,213)
Other current assets (204,163) (147,911)
Accounts payable 501,410 (123,087)
Accrued liabilities (197,316) (9,159)
Net cash provided by operating activities 11,298 385,811
Cash Flows from Investing Activities    
Proceeds received on notes receivable 15,411 21,634
Proceeds from sale or distribution of assets 600 0
Proceeds from insurance recovery 0 206,336
Purchases of property and equipment (290,360) (457,435)
Decrease in other assets 10,000 0
Net cash used in investing activities (264,349) (229,465)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (253,051) 156,346
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 7,587,374 5,633,279
Cash, Cash Equivalents and Restricted Cash, End of Period $ 7,334,323 $ 5,789,625

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