Financial Information

Fiscal year ends 2/28 | Values in USD

 

 

2021-02-282020-02-292019-02-282018-02-282017-02-282016-02-292015-02-282014-02-28
Revenues
Total Revenue16,683,5709,131,2901,473,040453,54014,05014,56014,2600
Cost of Revenue15,036,8768,165,5401,130,020434,7206,3206,5506,9100
Gross Profit1,646,694965,750343,02018,8207,7308,0107,3500
Operating Expenses
Research and Development552,343390,290000000
Sales, General and Admin4,887,2743,634,5972,746,6521,653,66621,07020,79783,12115,350
Non-Recurring Items364,1600000000
Other27,0550000000
Total Expenses5,830,8324,031,8032,907,7431,768,39421,07020,79783,12115,350
Operating Income-4,184,138-3,074,800-2,887,700-1,749,570-13,340-12,790-75,770-10,000
Income from Continuing Operations
Earnings Before Interest and Taxes-4,378,074-3,000,090-2,912,880-1,751,120-13,750-13,130-76,030-10,000
Interest Expense273,59424,26032,54027441334326437
Income Tax00000000
Non-Recurring Events
Net Income-4,381,974-3,004,370-2,912,880-1,751,120-13,750-13,130-76,030-10,000
Key Financial Ratios
Earnings Per Share-0.13-0.11623-0.11763-0.14929-0.00534-0.00514-0.0317-0.00444

 

2021-11-302021-08-312021-05-312021-02-282020-11-302020-08-312020-05-312020-02-292019-11-302019-08-312019-05-312019-02-282018-11-302018-08-312018-05-312018-02-282017-11-302017-08-312017-05-312017-02-282016-11-302016-08-312016-05-312016-02-292015-11-302015-08-312015-05-312015-02-282014-11-302014-08-312014-05-31
Revenues
Total Revenue5,901,8995,386,9145,996,4895,437,9814,881,6013,621,0542,742,9343,465,8202,692,7302,039,480933,270689,200524,43080,000180,000220,000160,00060,00010,000000000000000
Cost of Revenue4,934,8244,690,0585,376,7924,964,6604,261,0583,362,6632,448,4953,225,8702,255,2701,832,750851,640490,520435,44050,000150,000180,000130,000120,00010,000000000000000
Gross Profit967,075696,856619,697473,321620,543258,391294,439239,950437,460206,73081,630198,68088,99030,00030,00040,00030,000-60,0000000000000000
Operating Expenses
Research and Development-158,055144,549135,429200,476124,723123,534103,610390,29000000000000000000000000
Sales, General and Admin-1,521,1141,866,4851,240,7222,235,991994,557893,010763,716587,897990,375967,5071,088,8182,153,799130,732186,177275,944866,649452,702276,9892,194-152,32137,2904,3578,039-4,6716,15611,8337,4794,91020,27128,39629,544
Non-Recurring Items-240,29959,07585,00795,944136,960131,2560000000000000000000000000
Other014,40214,421-26,29645,7345,1722,445000000000000000000000000
Total Expenses-1,919,4682,084,5111,475,5792,506,1151,301,9741,152,972869,771950,9031,002,230978,8341,099,8362,229,212130,819221,681326,031916,794502,702291,5722,194-152,32137,2904,3578,039-4,6716,15611,8337,4794,91020,27128,39629,544
Operating Income-1,064,005-1,387,655-855,882-2,032,794-681,431-894,581-575,332-710,870-564,770-772,100-1,027,050-1,966,900-428,450-200,000-300,000-880,000-470,000-350,000-50,000000-10,000000-10,0000-20,000-30,000-30,000
Income from Continuing Operations
Earnings Before Interest and Taxes-1,037,172-1,454,617-909,506-2,133,661-705,646-960,716-578,051-724,230-496,690-766,550-1,012,630-1,976,550-422,670-220,000-290,000-880,000-470,000-350,000-50,000000-10,000000-10,0000-20,000-30,000-30,000
Interest Expense080,24792,56689,18190,86473,94319,60619,4621451664,8199,3339,3538,8814,97300035001041049788896965397486
Income Tax0000000000000000000000000000000
Non-Recurring Events
Net Income-1,037,172-1,455,764-911,890-2,134,721-708,153-961,023-578,077-724,230-496,690-766,550-1,012,630-1,976,550-422,670-220,000-290,000-880,000-470,000-350,000-50,000000-10,000000-10,0000-20,000-30,000-30,000
Key Financial Ratios
Earnings Per Share-0.026160093500898-0.04-0.02-0.068564900358164-0.02-0.03-0.02-0.02802-0.01922-0.0297-0.03991-0.04308-0.02344-0.01196-0.01652-0.05084-0.02776-0.03514-0.00417000-0.00388000-0.0040-0.008-0.01282-0.01333

 

2021-02-282020-02-292019-02-282018-02-282017-02-282016-02-292015-02-282014-02-28
Assets
Current Assets
Cash and Cash Equivalents850,717102,9191,337,24510,5511,3162,1541,0302,446
Short Term Investments00000000
Net Receivables5,606,0323,262,438519,117301,7431,673000
Inventory1,4010000000
Other Current Assets646,3772,483,4112,570,72440,5340006,250
Total Current Assets7,104,5275,848,7684,427,086352,8282,9892,1541,0308,696
Long Term Assets
Long Term Investments00000000
Property Plant and Equipment75,76728,01010,6061,5940000
Goodwill00000000
Intangible Assets161,2100085,4170000
Other Assets00000000
Deferred Long Term Asset Charges00000000
Total Assets7,341,5045,876,7784,437,692439,8392,9892,1541,0308,696
Liabilities
Current Liabilities
Accounts Payable2,473,6362,703,7541,239,280107,08226,89412,31023,0530
Short Term and Current Long Term Debt592,46900027,50027,50017,50022,537
Other Liabilities1,046,1902,394,7882,176,380385,3980000
Total Current Liabilities4,112,2955,098,5423,415,660492,48054,39439,81040,55322,537
Long Term Liabilities
Long Term Debt1,114,2431,066,000436,00050,00027,500000
Other Liabilities00000000
Total Liabilities5,226,5386,171,2133,851,660542,48054,39439,81040,55322,537
Stockholders' Equity
Common Stock3,8902,5852,4761,7431,0311,0311,001900
Retained Earnings-12,208,728-7,826,754-4,822,389-1,909,514-117,655-103,906-90,773-14,741
Other Stockholder Equity14,170,8157,521,5875,414,8971,805,27565,21965,21950,2490
Total Stockholder Equity2,106,883-298,618586,032-102,641-51,405-37,656-39,523-13,841
Total Liabilities and Stockholders' Equity7,333,4215,872,5954,437,692439,8392,9892,1541,0308,696

 

2021-11-302021-08-312021-05-312021-02-282020-11-302020-08-312020-05-312020-02-292019-11-302019-08-312019-05-312019-02-282018-11-302018-08-312018-05-312018-02-282017-11-302017-08-312017-05-312017-02-282016-11-302016-08-312016-05-312016-02-292015-11-302015-08-312015-05-312015-02-282014-11-302014-08-312014-05-31
Assets
Current Assets
Cash and Cash Equivalents1,116,448878,085789,752850,717989,103419,707154,911102,919643,346553,187151,6221,337,245685,19318,6779,50810,551436,531864,54911,31601494742,1545411,6521,1671,0301,18710,5203,004
Short Term Investments0000000000000000000000000000000
Net Receivables3,339,1925,860,1904,201,1365,606,0325,923,3564,352,4452,253,0063,262,4382,340,2001,760,395779,633519,117666,398429,001383,209301,743200,305103,46801,67301,656002,1271,22200000
Inventory15,9092,5852,3681,4011,3808030000000000000000000000000
Other Current Assets-1,116,4482,448,4033,407,406646,3772,097,2104,029,2273,504,2082,483,4113,391,9603,692,4044,057,5492,570,7242,591,071478,022400,58140,53413,84929,6330000000000000
Total Current Assets3,355,1019,189,2638,400,6627,104,5279,011,0498,802,1825,912,1255,848,7686,375,5066,005,9864,988,8044,427,0863,942,662925,700793,298352,828650,685997,65012,98901,8054742,1542,6682,8741,1671,0301,18710,5203,004
Long Term Assets
Long Term Investments0000000000000000000000000000000
Property Plant and Equipment12,52651,77359,56575,767236,703260,06630,65128,01038,52745,43051,53310,60611,2571,4201,5071,5941,68100000000000000
Goodwill0000000000000000000000000000000
Intangible Assets136,158139,681152,883161,210169,49200000000035,41785,417135,417185,4170000000000000
Other Assets6,593,497000000000000000000000000000000
Deferred Long Term Asset Charges0000000000000000000000000000000
Total Assets9,948,5989,380,7178,613,1107,341,5049,417,2449,062,2485,942,7765,876,7786,414,0336,051,4165,040,3374,437,6923,953,919927,120830,222439,839787,7831,183,06712,98901,8054742,1542,6682,8741,1671,0301,18710,5203,004
Liabilities
Current Liabilities
Accounts Payable1,675,4652,387,4062,303,1622,473,6363,090,2612,458,5482,532,2732,703,7542,581,6062,896,4171,965,0811,239,2801,472,953744,638493,530107,082111,462168,933026,89420,00020,66716,86312,31015,21510,86822,68223,05319,67424,62921,965
Short Term and Current Long Term Debt25,05219,674878,221592,4691,656,7741,654,7070000000000000030,00027,50027,50027,50023,50023,50023,50017,50017,5003,53722,537
Other Liabilities01,744,6502,866,7771,046,1903,866,5715,304,6722,949,2882,394,7883,310,5732,244,5621,644,9572,176,3801,569,31295,375185,616385,39849,03079,9840000000000000
Total Current Liabilities1,700,5174,151,7306,048,1604,112,2958,613,6069,417,9275,481,5615,098,5425,892,1795,140,9793,610,0383,415,6603,042,265840,013679,146492,480160,492248,917026,89450,00048,16744,36339,81038,71534,36846,18240,55337,17428,16644,502
Long Term Liabilities
Long Term Debt001,109,3071,114,2431,189,2141,197,2091,066,0001,066,00066,00066,000436,000436,000436,000436,000366,00050,00000027,50000000000000
Other Liabilities0000000000000000000000000000000
Total Liabilities4,280,8184,151,7307,157,4675,226,5389,802,82010,615,1366,547,5616,171,2135,974,8065,233,4994,082,3913,851,6603,478,2651,276,0131,045,146542,480160,492248,917054,39450,00048,16744,36339,81038,71534,36846,18240,55337,17428,16644,502
Stockholders' Equity
Common Stock4,2484,2203,9003,8903,6203,3743,3892,5852,5852,5812,5372,4761,8501,7761,7711,7431,7271,6122581,03101,0311,0311,0311,0311,0311,0011,0011,0011,001900
Retained Earnings-15,613,001-14,576,382-13,120,618-12,208,728-10,074,007-9,365,854-8,404,831-7,826,754-7,098,730-6,602,037-5,835,500-4,822,389-2,845,836-2,408,266-2,201,798-1,909,514-1,029,582-563,723-114,808-117,655-110,000-112,612-110,139-103,906-102,297-97,744-96,265-90,773-87,237-68,896-42,398
Other Stockholder Equity21,077,01619,675,98314,360,80414,170,8159,567,3787,789,3737,804,3587,521,5877,521,5877,421,5916,787,1355,414,8973,287,5232,057,9161,985,3351,805,2751,655,2041,496,261114,55165,21960,00065,21965,21965,21965,21965,21950,24950,24950,24950,2490
Total Stockholder Equity5,667,7805,217,3731,445,1762,106,883-392,599-1,557,404-608,994-298,618439,227817,917957,946586,032475,654-348,893-214,924-102,641627,291934,1501-51,405-50,000-46,362-43,889-37,656-36,047-31,494-45,015-39,523-35,987-17,646-41,498
Total Liabilities and Stockholders' Equity9,948,5989,369,1038,602,6437,333,4219,410,2219,057,7325,938,5675,872,5956,414,0336,051,4165,040,3374,437,6923,953,919927,120830,222439,839787,7831,183,06702,98901,8054742,1542,6682,8741,1671,0301,18710,5203,004

 

2021-02-282020-02-292019-02-282018-02-282017-02-282016-02-292015-02-282014-02-28
Operating Activities
Net Income-4,378,074-3,004,370-2,912,880-1,751,120-13,750-13,130-76,030-10,000
Depreciation27,0556,91887,159114,7280000
Adjustments to Net Income-2,802,999-698,901-652,484115,16026,661-12,61354,983-4,741
Changes in Accounts Receivables-1,437,329-2,168,175-197,559-241,456-1,673000
Changes in Inventories-1,4010000000
Investing Activities
Capital Expenditures-238,485-17,507-11,711-201,7390000
Investments00000000
Total Cash Flow From Investing Activities-221,48900-200,0000000
Financing Activities
Dividends Paid00000000
Sale/Purchase of Stock-15,00000-15,5770000
Total Cash Flow From Financing Activities5,174,6001,830,6522,064,6741,808,423025,00045,31323,437
Effect of Exchange Rate Changes83,30140,665-7,99500000
Change in Cash and Cash Equivalents747,798-1,234,3261,326,694-2,795-8381,124-1,4160

 

2021-11-302021-08-312021-05-312021-02-282020-11-302020-08-312020-05-312020-02-292019-11-302019-08-312019-05-312019-02-282018-11-302018-08-312018-05-312018-02-282017-11-302017-08-312017-05-312017-02-282016-11-302016-08-312016-05-312016-02-292015-11-302015-08-312015-05-312015-02-282014-11-302014-08-312014-05-31
Operating Activities
Net Income-3,401,295-1,454,617-909,506-2,133,661-705,646-960,716-578,051-724,230-496,690-766,550-1,012,630-1,976,550-422,670-220,000-290,000-880,000-470,000-350,000-50,000144,645-149,688-2,473-10,000-1,609-4,553-1,479-10,000-3,536-20,000-30,000-30,000
Depreciation43,54414,40214,421-44,76656,95012,4262,445-27,28211,85511,32711,0181071,46135,50450,08750,08750,05800000000000000
Adjustments to Net Income1,038,572-3,238,837-467,340-922,287-3,480,408908,380691,316-1,074,632853,4061,429,034-1,910,9792,361,817-977,80479,631-510,935833,77893,203-774,5783,720-69,77253,5254,62114,5538317,995-26,5579,6296,91515,045-17,6862,343
Changes in Accounts Receivables760,120-1,005,9911,415,203-55,188-559,849-1,768,472946,180-706,533-745,592-603,493-112,557113,964-189,852-72,661-49,010-169,391-24,022-49,7161,67300000-905000000
Changes in Inventories-14,508-217-967-21000000000000000000000000000
Investing Activities
Capital Expenditures0-8,224-4,4010-205,390-103,661-11,578-1,216-5,038-5,065-6,188-4130000-1,73900000000000000
Investments0000000000000000000000000000000
Total Cash Flow From Investing Activities-13,77600-3,419-218,070002700000-11,298000-1,73900000000000000
Financing Activities
Dividends Paid0000000000000000000000000000000
Sale/Purchase of Stock00000-15,0000000000000000000000000000
Total Cash Flow From Financing Activities5,364,1931,754,5971,826,694-51,6073,587,0001,377,309261,898919,923-55,7448,756957,717196,1741,230,000142,499496,001200,000159,0001,428,36421,05900004,000015,0006,000013,96300
Effect of Exchange Rate Changes38,005-85,59057,922-30,675102,69527,334-16,05347,9268,306-17,9222,355-40,1120000000000000000000
Change in Cash and Cash Equivalents238,36388,333-60,965-138,386569,396264,79651,992-540,42790,159401,565-1,185,623652,052666,5169,169-1,043-425,980-428,018864,548-1,315103,122-101,955-325-1,6801,613-1,111485137-157-9,3337,516558