v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Feb. 28, 2025
Feb. 29, 2024
Cash Flows From Operating Activities    
Net Loss $ (6,122) $ (4,172)
Less: Earnings from discontinued operations, net of tax 0 704
Loss from continuing operations (6,122) (4,876)
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:    
Depreciation and amortization 950 887
Debt issuance costs 7 0
Provision for obsolete inventory 322 189
Provision for recovery on accounts and notes receivable (27) (402)
Gain on sale or disposal of property and equipment (247) (37)
Expense recorded for stock compensation 273 438
Changes in operating assets and liabilities:    
Accounts receivable (1,194) 227
Refundable income taxes (18) 299
Inventories (297) (879)
Other current assets 50 (101)
Accounts payable 1,109 975
Accrued liabilities (1,316) 999
Contract liabilities (85) (115)
Net cash used in operating activities of continuing operations (6,595) (2,396)
Net cash used in operating activities of discontinued operations 0 (39)
Net cash used in operating activities (6,595) (2,435)
Cash Flows from Investing Activities    
Addition to notes receivable 0 (136)
Proceeds received on notes receivable 201 164
Proceeds from the sale or distribution of assets 2,265 112
Purchases of property and equipment (3,762) (3,017)
Increase in other assets (359) 0
Other 0 9
Net cash used in investing activities of continuing operations (1,655) (2,868)
Net cash provided by investing activities of discontinued operations 0 1,418
Net cash used in investing activities (1,655) (1,450)
Cash Flows from Financing Activities    
Proceeds from line of credit 2,200 1,250
Payment on line of credit (3,450)  
Proceeds from notes payable 6,000  
Payment of debt issuance costs (50)  
Issuance of common stock through securities purchase agreement 2,188  
Net cash provided by financing activities 6,888 1,250
Net Decrease in Cash and Cash Equivalents (1,362) (2,635)
Cash and Cash Equivalents, Beginning of Year 2,082 4,717
Cash and Cash Equivalents, End of Year $ 720 $ 2,082

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