Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF OPERATIONS

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STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Aug. 31, 2015
Aug. 31, 2014
Aug. 31, 2015
Aug. 31, 2014
STATEMENTS OF OPERATIONS [Abstract]        
NET SALES $ 3,166,177 $ 2,504,854 $ 5,796,722 $ 5,141,875
Cost of goods solds 1,159,448 868,317 2,272,133 1,979,088
Gross Profit 2,006,729 1,636,537 3,524,589 3,162,787
OPERATING EXPENSES        
Selling, general and administrative 1,391,143 1,088,059 2,869,483 2,182,124
Research and development 38,711 158,424 92,376 289,820
Depreciation and amortization 70,094 70,990 134,813 130,680
Total Operating Expenses 1,499,948 1,317,473 3,096,672 2,602,624
Net Operating Profit 506,781 319,064 427,917 560,163
Non-Operating Income/(Expense)        
Gain (Loss) currency exchange 9,313 $ (11,559) (5,757) $ (9,715)
Loss on disposal of fixed assets $ (8,718) $ (13,324)
Interest expense $ (512) $ (512)
Interest and other income $ 1,026 1,706 $ 2,129 2,915
TOTAL OTHER INCOME (EXPENSES) 1,621 (10,365) (16,952) (7,312)
INCOME BEFORE TAXES 508,402 308,699 410,965 552,851
Income Tax Expense (173,188) (105,705) (140,391) (191,801)
NET INCOME $ 335,214 $ 202,994 $ 270,574 $ 361,050
NET INCOME PER SHARE        
Basic $ 0.01 $ 0.01 $ 0.01 $ 0.01
Diluted $ 0.01 $ 0.01 $ 0.01 $ 0.01
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Basic 38,006,667 37,342,537 38,006,667 37,212,102
Diluted 38,006,667 37,342,537 38,006,667 37,212,102