Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF OPERATIONS (UNAUDITED)

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STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Aug. 31, 2016
Aug. 31, 2015
Income Statement [Abstract]        
NET SALES $ 3,147,930 $ 3,166,177 $ 6,138,096 $ 5,796,722
Cost of goods sold 1,193,338 1,159,448 2,246,692 2,272,133
Gross Profit 1,954,592 2,006,729 3,891,404 3,524,589
OPERATING EXPENSES        
Selling, general and administrative 1,932,164 1,391,143 4,111,754 2,869,483
Research and development 67,686 38,711 124,355 92,376
Depreciation and amortization 73,699 70,094 143,855 134,813
Total Operating Expenses 2,073,549 1,499,948 4,379,964 3,096,672
Net (Loss)/Operating Profit (118,957) 506,781 (488,560) 427,917
Non-Operating (Expense)/Income        
Gain (Loss) currency exchange (5,888) 9,313 9,744 (5,757)
Loss on disposal of fixed assets (8,718) (13,324)
Interest and other income 385 1,026 1,139 2,129
TOTAL OTHER (EXPENSES) INCOME (5,503) 1,621 10,883 (16,952)
(LOSS)/INCOME BEFORE TAXES (124,460) 508,402 (477,677) 410,965
Income Tax Benefit/(Expense) 41,848 (173,188) 161,749 (140,391)
NET (LOSS)/INCOME $ (82,612) $ 335,214 $ (315,928) $ 270,574
NET (LOSS)/INCOME PER SHARE        
Basic (in dollars per share) $ 0.00 $ 0.01 $ (0.01) $ 0.01
Diluted (in dollars per share) $ 0.00 $ 0.01 $ (0.01) $ 0.01
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Basic (in shares) 37,857,312 38,006,667 37,911,646 38,006,667
Diluted (in shares) 37,857,312 38,006,667 37,911,646 38,006,667