v3.24.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Cash Flows from Operating Activities    
Net Loss $ (3,227) $ (2,579)
Less: Earnings from discontinued operations, net of tax 0 704
Loss from continuing operations (3,227) (3,283)
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:    
Depreciation and amortization 741 640
Provision (write off) for obsolete inventory (147) 63
Provision for loss on accounts and notes receivable 51 0
Gain on sale of property and equipment (254) (38)
Expense recorded for stock compensation 237 491
Changes in operating assets and liabilities:    
Accounts receivable (1,597) (1,339)
Refundable income taxes (17) 299
Inventories (450) 230
Other current assets 187 (286)
Accounts payable (2,091) 558
Accrued liabilities (1,134) 221
Contract liabilities (88) (81)
Net cash used in operating activities of continuing operations (7,789) (2,525)
Net cash used in operating activities of discontinued operations 0 (39)
Net cash used in operating activities (7,789) (2,564)
Cash Flows from Investing Activities    
Addition to notes receivable 0 (49)
Proceeds received on notes receivable 176 57
Proceeds from the sale of assets 1,909 111
Purchases of property and equipment (2,148) (2,617)
Decrease (increase) in other assets (79) 9
Net cash used in investing activities of continuing operations (142) (2,489)
Net cash provided by investing activities of discontinued operations 0 1,418
Net cash used in investing activities (142) (1,071)
Cash Flows from Financing Activities    
Proceeds from line of credit 2,200 1,000
Payment on line of credit (3,450) 0
Proceeds from notes payable 6,000 0
Issuance of common stock through securities purchase agreement 2,188 0
Net cash provided by financing activities of discontinued operations 0 0
Net cash provided by financing activities 6,938 1,000
Net Decrease in Cash and Cash Equivalents (993) (2,635)
Cash and Cash Equivalents, Beginning of Period 2,082 4,717
Cash and Cash Equivalents, End of Period $ 1,089 $ 2,082

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