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STATEMENTS OF CASH FLOWS (USD $)
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9 Months Ended | |
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Nov. 30, 2014
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Nov. 30, 2013
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| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Income | $ 453,742us-gaap_NetIncomeLoss | $ 326,017us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Amortization of deferred compensation cost | 72,750us-gaap_ShareBasedCompensation | 105,975us-gaap_ShareBasedCompensation |
| Depreciation and amortization | 202,224us-gaap_DepreciationDepletionAndAmortization | 170,506us-gaap_DepreciationDepletionAndAmortization |
| Deferred capital gain - building lease | (16,860)us-gaap_OtherNoncashIncome | (16,858)us-gaap_OtherNoncashIncome |
| Deferred Taxes | (24,701)us-gaap_DeferredIncomeTaxExpenseBenefit | |
| Changes in operating assets and liabilities: | ||
| Decrease (Increase) in accounts receivable | 35,905us-gaap_IncreaseDecreaseInAccountsReceivable | (163,483)us-gaap_IncreaseDecreaseInAccountsReceivable |
| (Increase) decrease in inventory | (752,373)us-gaap_IncreaseDecreaseInInventories | 194,121us-gaap_IncreaseDecreaseInInventories |
| Decrease (Increase) in prepaid expense | 975us-gaap_IncreaseDecreaseInPrepaidExpense | (72,462)us-gaap_IncreaseDecreaseInPrepaidExpense |
| Decrease in other assets | 29,316us-gaap_IncreaseDecreaseInOtherOperatingAssets | |
| Increase in accounts payable | 431,920us-gaap_IncreaseDecreaseInAccountsPayable | 96,058us-gaap_IncreaseDecreaseInAccountsPayable |
| Decrease in accrued payroll and related taxes | (7,758)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities | (28,095)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities |
| Increase in accrued expense | 162,721us-gaap_IncreaseDecreaseInAccruedLiabilities | 48,510us-gaap_IncreaseDecreaseInAccruedLiabilities |
| Decrease in accrued tax liability | (166,358)us-gaap_IncreaseDecreaseInAccruedTaxesPayable | (90,503)us-gaap_IncreaseDecreaseInAccruedTaxesPayable |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 392,187us-gaap_NetCashProvidedByUsedInOperatingActivities | 599,102us-gaap_NetCashProvidedByUsedInOperatingActivities |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Payments for property and equipment | (552,060)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (146,908)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Purchase of certificates of deposit | (880)us-gaap_PaymentsToAcquireRestrictedCertificatesOfDeposit | (1,231)us-gaap_PaymentsToAcquireRestrictedCertificatesOfDeposit |
| Payments for patents | (91,726)us-gaap_PaymentsToAcquireIntangibleAssets | (20,539)us-gaap_PaymentsToAcquireIntangibleAssets |
| NET CASH USED IN INVESTING ACTIVITIES | (644,666)us-gaap_NetCashProvidedByUsedInInvestingActivities | (168,678)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Payments on note payable to related parties | (437,832)us-gaap_RepaymentsOfRelatedPartyDebt | |
| Payments on notes payable | (1,474)us-gaap_RepaymentsOfNotesPayable | |
| Proceeds from sale of securities, net of legal and other fees of $15,000 | 273,000us-gaap_ProceedsFromIssuanceOrSaleOfEquity | |
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 273,000us-gaap_NetCashProvidedByUsedInFinancingActivities | (439,306)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 20,521us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (8,882)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 2,227,398us-gaap_CashAndCashEquivalentsAtCarryingValue | 1,930,321us-gaap_CashAndCashEquivalentsAtCarryingValue |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | 2,247,919us-gaap_CashAndCashEquivalentsAtCarryingValue | 1,921,439us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental Information | ||
| Cash paid during the periods for Interest | 512us-gaap_InterestPaid | 4,547us-gaap_InterestPaid |
| Cash paid during the periods for Taxes | 404,891us-gaap_IncomeTaxesPaid | 260,773us-gaap_IncomeTaxesPaid |
| NON-CASH FINANCING AND INVESTING ACTIVITIES | ||
| Issuance of common stock as compensation | $ 84,000us-gaap_StockIssued1 | |
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period of all taxes owed but not paid, including income, property and other taxes. No definition available.
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The increase (decrease) during the reporting period in the aggregate amount of obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other income or gains included in net income that result in no cash inflows or outflows in the period and are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow from temporary investment with specific maturity and interest rate that are prohibited for current use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow from the issuance of common stock, preferred stock, treasury stock, stock options, and other types of equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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