Educational Development (EDUC) 10-K 28 May 15 2015 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Feb. 28, 2015	26-May-15	Aug. 31, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	Educational Development Corp
Document Type	10-K
Current Fiscal Year End Date	-26
Entity Common Stock, Shares Outstanding		4,035,134
Entity Public Float			$19,612,100
Amendment Flag	FALSE
Entity Central Index Key	31667
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	28-Feb-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Feb. 28, 2015	Feb. 28, 2014
CURRENT ASSETS:
Cash and cash equivalents	$383,900	$680,000
Accounts receivable, less allowance for doubtful accounts and sales returns $334,500 (2015) and $333,900 (2014)	3,076,700	3,000,800
Inventories—Net	11,181,000	9,869,400
Prepaid expenses and other assets	374,200	262,200
Deferred income taxes	249,800	259,300
Total current assets	15,265,600	14,071,700
INVENTORIES—Net	350,800	470,200
PROPERTY, PLANT AND EQUIPMENT—Net	2,073,200	1,877,600
OTHER ASSETS	243,400	267,400
DEFERRED INCOME TAXES	80,200	71,400
TOTAL ASSETS	18,013,200	16,758,300
CURRENT LIABILITIES:
Accounts payable	2,237,700	2,543,700
Line of credit	1,400,000	0
Accrued salaries and commissions	618,100	514,900
Income taxes payable	63,600	140,900
Dividends payable	322,000	318,200
Other current liabilities	1,043,500	658,200
Total current liabilities	5,684,900	4,175,900
COMMITMENTS (Note 7)
SHAREHOLDERS’ EQUITY:
Common stock, $0.20 par value; Authorized 8,000,000 shares; Issued 6,041,040 shares; Outstanding 4,024,539 (2015) and 3,977,943 (2014) shares	1,208,200	1,208,200
Capital in excess of par value	8,548,000	8,548,000
Retained earnings	13,857,200	14,280,500
	23,613,400	24,036,700
Less treasury stock, at cost	-11,285,100	-11,454,300
Total shareholders' equity	12,328,300	12,582,400
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$18,013,200	$16,758,300

BALANCE_SHEETS_Parentheticals

BALANCE SHEETS (Parentheticals) (USD $)	Feb. 28, 2015	Feb. 28, 2014
Allowance for doubtful accounts and sales returns (in Dollars)	$334,500	$333,900
Common Stock, par value (in Dollars per share)	$0.20	$0.20
Common Stock, shares authorized	8,000,000	8,000,000
Common Stock, shares issued	6,041,040	6,041,040
Common Stock, shares outstanding	4,024,539	3,977,943

STATEMENTS_OF_EARNINGS

STATEMENTS OF EARNINGS (USD $)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
GROSS SALES	$48,345,400	$40,558,000
Less discounts and allowances	-17,273,100	-15,414,200
Transportation revenue	1,476,000	953,200
NET REVENUES	32,548,300	26,097,000
COST OF SALES	12,763,900	10,523,500
Gross margin	19,784,400	15,573,500
OPERATING EXPENSES:
Operating and selling	9,515,400	7,258,500
Sales commissions	6,842,700	4,939,800
General and administrative	2,039,900	2,123,500
Total operating expenses	18,398,000	14,321,800
OTHER INCOME (EXPENSE)	16,100	-378,200
EARNINGS BEFORE INCOME TAXES	1,402,500	873,500
INCOME TAXES	543,300	515,900
NET EARNINGS	$859,200	$357,600
BASIC AND DILUTED EARNINGS PER SHARE:
Basic and diluted (in Dollars per share)	$0.21	$0.09
WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING:
Basic and diluted (in Shares)	4,003,702	3,968,214
Dividends per share (in Dollars per share)	$0.32	$0.32

STATEMENTS_OF_SHAREHOLDERS_EQU

STATEMENTS OF SHAREHOLDERS' EQUITY (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balance at Feb. 28, 2013	$1,208,200	$8,548,000	$15,194,700	($11,499,100)	$13,451,800
Balance (in Shares) at Feb. 28, 2013	6,041,040			2,080,228
Purchases of treasury stock				-129,200	-129,200
Purchases of treasury stock (in Shares)				43,349
Sales of treasury stock				174,000	174,000
Sales of treasury stock (in Shares)				-60,480
Dividends declared			-318,200		-318,200
Dividends paid			-953,600		-953,600
Net earnings			357,600		357,600
Balance at Feb. 28, 2014	1,208,200	8,548,000	14,280,500	-11,454,300	12,582,400
Balance (in Shares) at Feb. 28, 2014	6,041,040			2,063,097	6,041,040
Purchases of treasury stock				-5,200	-5,200
Purchases of treasury stock (in Shares)				1,339
Sales of treasury stock				174,400	174,400
Sales of treasury stock (in Shares)				-47,935
Dividends declared			-322,000		-322,000
Dividends paid			-960,500		-960,500
Net earnings			859,200		859,200
Balance at Feb. 28, 2015	$1,208,200	$8,548,000	$13,857,200	($11,285,100)	$12,328,300
Balance (in Shares) at Feb. 28, 2015	6,041,040			2,016,501	6,041,040

STATEMENTS_OF_SHAREHOLDERS_EQU1

STATEMENTS OF SHAREHOLDERS' EQUITY (Parentheticals) (Retained Earnings [Member], USD $)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Retained Earnings [Member]
Dividends declared	$0.08	$0.08
Dividends paid	$0.24	$0.24

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$859,200	$357,600
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Impairment of investment in nonmarketable equity securities	0	430,300
Depreciation	129,400	115,400
Deferred income taxes	700	127,600
Provision for doubtful accounts and sales returns	1,281,000	978,000
Changes in assets and liabilities:
Accounts receivable	-1,356,900	-559,700
Inventories, net	-1,192,200	-55,900
Prepaid expenses and other assets	-88,000	165,900
Accounts payable, accrued salaries and commissions, and other current liabilities	182,500	835,700
Income tax payable/receivable	-77,300	370,200
Total adjustments	-1,120,800	2,407,500
Net cash provided by (used in) operating activities	-261,600	2,765,100
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	-325,000	-77,500
Net cash used in investing activities	-325,000	-77,500
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from sale of treasury stock	174,400	174,000
Cash paid to acquire treasury stock	-5,200	-129,200
Borrowings under revolving credit agreement	4,550,000	1,250,000
Payments under revolving credit agreement	-3,150,000	-2,500,000
Dividends paid	-1,278,700	-1,271,500
Net cash provided by (used in) financing activities	290,500	-2,476,700
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	-296,100	210,900
CASH AND CASH EQUIVALENTS—BEGINNING OF YEAR	680,000	469,100
CASH AND CASH EQUIVALENTS—END OF YEAR	383,900	680,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	54,000	34,500
Cash paid for income taxes	$619,900	$11,000

1_SUMMARY_OF_SIGNIFICANT_ACCOU

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Feb. 28, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	1.        SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Nature of Business—Educational Development Corporation (“we”, “our”, “us”, or “the Company”) distributes books and publications through our EDC Publishing and Usborne Books & More (“UBAM”) divisions to book, toy and gift stores, libraries and home educators located throughout the United States (“U.S.”).  We are the sole U.S. distributor of books and related items, which are published by an England-based publishing company, Usborne, our primary supplier.  We are also in the direct publishing market through our ownership of Kane Miller Book Publishers.
	Estimates—Our financial statements were prepared in conformity with accounting principles generally accepted in the United States of America, which requires management to make estimates and assumptions that affect the amounts and disclosures in the financial statements.  Actual results could differ from these estimates.
	Business Concentration—A significant portion of our inventory purchases are concentrated with Usborne.  Purchases from them were approximately $12.2 million and $9.0 million for the years ended February 28, 2015 and 2014, respectively.  Total inventory purchases for those same periods were approximately $15.3 million and $11.4 million, respectively.
	Cash and Cash Equivalents—Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed federally insured limits. We have never experienced any losses related to these balances.  Insurance coverage on our non-interest bearing cash balances was limited to $250,000 and our non-interest bearing cash balances exceed federally insured limits. The majority of payments due from banks for third party credit card transactions process within two business days.  These amounts due are classified as cash and cash equivalents.  Cash and cash equivalents includes demand and time deposits, money market funds and other marketable securities with maturities of three months or less when acquired.
	Accounts Receivable— Accounts receivable are uncollateralized customer obligations due under normal trade terms generally requiring payment within thirty days from the invoice date.  Extended, seasonal dating is frequently available for orders of minimum quantities or amounts.  Trade accounts are stated at the amount management expects to collect from outstanding balances.  Delinquency fees are not assessed.  Payments of accounts receivable are allocated to the specific invoices identified on the customers’ remittance advice.  Accounts receivable are carried at original invoice amount less an estimated reserve made for returns and discounts based on quarterly review of historical rates of returns and expected discounts to be taken.  The carrying amount of accounts receivable is reduced, if needed, by a valuation allowance that reflects management’s best estimate of the amounts that will not be collected.
	Management periodically reviews accounts receivable balances and, based on an assessment of historical bad debts, current customer receivable balances, age of customer receivable balances, customers’ financial conditions and current economic trends, estimates the portion of the balance that will not be collected.  Management provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation account based on its assessment of the current status of the individual accounts.  Balances which remain outstanding after management has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to trade accounts receivable.  Recoveries of trade receivables previously written off are recorded as income when received.
	Inventories—Inventories are stated at the lower of cost or market.  Cost is determined using the FIFO method.  We present a portion of our inventory as a noncurrent asset.  Occasionally we purchase book inventory in quantities in excess of what will be sold within the normal operating cycle due to minimum order requirements of our primary supplier.  These excess quantities are included in noncurrent inventory.  We estimate noncurrent inventory using the current year turnover ratio by title.  All inventory in excess of 2½ years of anticipated sales is classified as noncurrent inventory.
	Inventories are presented net of a valuation allowance.  Management has estimated and included an allowance for slow moving inventory for both current and noncurrent inventory.  This allowance is based on management’s analysis of inventory on hand at February 28, 2015 and 2014.
	Property, Plant and Equipment—Property, plant and equipment are stated at cost and depreciated on a straight-line basis over the estimated useful lives, as follows:
	Building	30 years
	Machinery and equipment	3 - 10 years
	Furniture and fixtures	3 years
	Capitalized projects that are not placed in service are recorded as in progress and are not depreciated until the related assets are placed in service.
	Income Taxes—We account for income taxes using the liability method. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and the tax basis of assets and liabilities using the current tax laws and rates. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts that are “more likely than not” to be realized.
	Revenue Recognition—Sales are recognized and recorded when products are shipped.  Products are shipped FOB shipping point.  The UBAM division’s sales are paid at the time the product is shipped.  These sales accounted for 65% of net revenues in fiscal year 2015 and 58% in fiscal year 2014.
	Estimated allowances for sales returns are recorded as sales are recognized and recorded. Management uses a moving average calculation to estimate the allowance for sales returns.  We are not responsible for product damaged in transit. Damaged returns are primarily from the retail stores related to damages which occur in the stores, not in shipping to the stores.  It is industry practice to accept returns from wholesale customers.  Management has estimated and included a reserve for sales returns of $100,000 as of February 28, 2015 and 2014.
	Transportation revenue represents the amount billed to the customer for shipping the product and is recorded when the product is shipped.
	Advertising Costs—Advertising costs are expensed as incurred.  Advertising expenses, included in selling and operating expenses in the statements of earnings, were $367,300 and $348,600 for the years ended February 28, 2015 and 2014, respectively.
	Shipping and Handling Costs— We classify shipping and handling costs as operating and selling expenses in the statements of earnings.  Shipping and handling costs were $3,719,300 and $2,699,800 for the years ended February 28, 2015 and 2014, respectively.
	Earnings per Share—Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding during the period.  Diluted EPS is based on the combined weighted average number of common shares outstanding and dilutive potential common shares issuable which include, where appropriate, the assumed exercise of options.  In computing Diluted EPS, we have utilized the treasury stock method.
	The computation of weighted average common and common equivalent shares used in the calculation of basic and diluted earnings per share (“EPS”) is shown below.
			Year Ended February 28,
			2015		2014
	Earnings Per Share:
	Net earnings applicable to		$	859,200	$	357,600
	common shareholders
	Shares:
	Weighted average shares			4,003,702		3,968,214
	outstanding–basic
	Assumed exercise of options			-		-
	Weighted average shares			4,003,702		3,968,214
	outstanding–diluted
	Basic and Diluted Earnings Per Share		$	0.21	$	0.09
	Stock options not considered above because they were antidilutive			10,000		11,000
	Long-Lived Asset Impairment— We review the value of long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable based on estimated future cash flows.  No impairment was noted as a result of such review during the years ended February 28, 2015 and 2014.
	Stock-Based Compensation—Share-based payment transactions with employees, such as stock options and restricted stock, are measured at estimated fair value at date of grant and recognized as compensation expense over the requisite service period, net of estimated forfeitures.
	New Accounting Pronouncements— The Financial Accounting Standards Board (“FASB”) periodically issues new accounting standards in a continuing effort to improve standards of financial accounting and reporting. We have reviewed the recently issued pronouncements and concluded that the following recently issued accounting standards apply to us.
	In April 2014, FASB issued Accounting Standards Update (ASU) No. 2014-08 “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,” which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. Under the new guidance, a discontinued operation is defined as a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has or will have a major effect on an entity’s operations and financial results. The change is effective for fiscal years, and interim reporting periods within those years, beginning on or after December 15, 2014, which means the first quarter of our fiscal year 2016, with early adoption permitted. The ASU applies prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. This new ASU will not affect our financial position, results of operations or cash flows.
	In May 2014, FASB issued ASU No. 2014-09 “Revenue from Contracts with Customers,” which provides a single revenue recognition model which is intended to improve comparability over a range of industries, companies and geographical boundaries and will also result in enhanced disclosures. The changes are effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, which means the first quarter of our fiscal year 2018. We are currently reviewing the ASU and assessing the potential impact on our financial statements.

2_INVENTORIES

2. INVENTORIES	12 Months Ended
	Feb. 28, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	2.        INVENTORIES
	Inventories consist of the following:
		February 28,
		2015			2014
	Current:
	Book inventory	$	11,206,000		$	9,894,400
	Inventory valuation allowance		(25,000	)		(25,000	)
	Inventories net–current	$	11,181,000		$	9,869,400
	Noncurrent:
	Book inventory	$	718,900		$	824,000
	Inventory valuation allowance		(368,100	)		(353,800	)
	Inventories net–noncurrent	$	350,800		$	470,200

3_PROPERTY_PLANT_AND_EQUIPMENT

3. PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Feb. 28, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	3.        PROPERTY, PLANT AND EQUIPMENT
	Property, plant and equipment consist of the following:
		February 28,
		2015			2014
	Land	$	250,000		$	250,000
	Building		2,124,700			2,124,700
	Machinery and equipment		2,488,000			2,363,800
	Furniture and fixtures		75,700			75,700
	System installations in progress		200,800			-
			5,139,200			4,814,200
	Less accumulated depreciation		(3,066,000	)		(2,936,600	)
		$	2,073,200		$	1,877,600

4_OTHER_CURRENT_LIABILITIES

4. OTHER CURRENT LIABILITIES	12 Months Ended
	Feb. 28, 2015
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Other Liabilities Disclosure [Text Block]	4.        OTHER CURRENT LIABILITIES
	Other current liabilities consist of the following:
		February 28,
		2015		2014
	Accrued royalties	$	368,200	$	374,000
	Accrued UBAM trip incentives		323,700		24,100
	Sales tax payable		181,000		116,800
	Other		170,600		143,300
		$	1,043,500	$	658,200

5_INCOME_TAXES

5. INCOME TAXES	12 Months Ended
	Feb. 28, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	5.        INCOME TAXES
	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.  The tax effects of significant items comprising our net deferred tax assets and liabilities as of February 28 are as follows:
		2015			2014
	Current:
	Deferred tax assets:
	Allowance for doubtful accounts	$	41,100		$	58,500
	Inventory overhead capitalization		86,900			79,000
	Inventory valuation allowance		9,500			9,500
	Allowance for sales returns		38,000			38,000
	Accruals		74,300			74,300
	Deferred tax assets-current		249,800			259,300
	Noncurrent:
	Deferred tax assets:
	Inventory valuation allowance	$	143,300		$	134,400
	Capital loss carryforward		163,600			163,600
	Subtotal deferred tax assets		306,900			298,000
	Less valuation allowance		(163,600	)		(163,600	)
	Total net deferred tax assets		143,300			134,400
	Deferred tax liabilities:
	Property and equipment		(63,100	)		(63,000	)
	Deferred tax liabilities		(63,100	)		(63,000	)
	Net deferred tax asset-noncurrent	$	80,200		$	71,400
	Management has assessed the evidence to estimate whether sufficient future capital gains will be generated to utilize the existing capital loss carryforward. As no current expectation of capital gains exists, Management has objectively determined that a valuation allowance is necessary to reduce the carrying value of deferred tax assets as it is “more likely than not” that such assets are unrealizable.
	The amount of the deferred tax asset considered realizable, however, could be adjusted if future capital gains are generated during the carryforward period.  Management has determined that no valuation allowance is necessary to reduce the carrying value of other deferred tax assets as it is “more likely than not” that such assets are realizable.
	The components of income tax expense are as follows:
		February 28,
		2015			2014
	Current:
	Federal	$	439,200		$	299,000
	State		103,400			89,300
			542,600			388,300
	Deferred:
	Federal		600			133,200
	State		100			(5,600	)
			700			127,600
	Total income tax expense	$	543,300		$	515,900
	The following reconciles our expected income tax expense utilizing statutory tax rates to the actual tax expense:
		February 28,
		2015			2014
	Tax expense at federal statutory rate	$	476,800		$	297,000
	State income tax–net of federal tax benefit		73,300			70,100
	Change in capital loss valuation allowance		-			163,600
	Other		(6,800	)		(14,800	)
	Total income tax expense	$	543,300		$	515,900
	We file our tax returns in the U.S. and certain state jurisdictions. We are no longer subject to income tax examinations by tax authorities for fiscal years before 2012. We are currently the subject of an income tax examination for fiscal year 2012 by the IRS.
	Based upon a review of our income tax filing positions, we believe that our positions would be sustained upon an audit and do not anticipate any adjustments that would result in a material change to our financial position. Therefore, no reserves for uncertain income tax positions have been recorded. We classify interest and penalties associated with income taxes as a component of income tax expense on the statement of earnings.

6_EMPLOYEE_BENEFIT_PLAN

6. EMPLOYEE BENEFIT PLAN	12 Months Ended
	Feb. 28, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	6.        EMPLOYEE BENEFIT PLAN
	We have a profit sharing plan that incorporates the provisions of Section 401(k) of the Internal Revenue Code.  The 401(k) plan covers substantially all employees meeting specific age and length of service requirements.  Matching contributions are discretionary and amounted to $44,900 and $57,100 in the fiscal years ended February 28, 2015 and 2014, respectively.  The 401(k) plan includes an option for employees to invest in our stock, which is purchased from our treasury stock shares.  Shares purchased for the 401(k) plan from Treasury stock amounted to 47,935 net shares and 60,480 net shares in the fiscal years ended February 28, 2015 and 2014, respectively.

7_DEBT

7. DEBT	12 Months Ended
	Feb. 28, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	7.        DEBT
	We have a $3,200,000 revolving credit agreement, with interest payable monthly at the greater of (a) prime rate minus 0.75% or (b) 4.00%.  At February 28, 2015, the rate in effect was 4.00%.  The revolving credit agreement is collateralized by substantially all of our assets and matures on June 30, 2015.
	We had $1,400,000 in borrowings outstanding on the above revolving credit agreement at February 28, 2015 and no borrowings outstanding at February 28, 2014.  Available credit under the revolving credit agreement was $1,800,000 at February 28, 2015. This agreement also contains a provision for our use of the Bank’s letters of credit.  The Bank agrees to issue, or obtain issuance of commercial or stand-by letters of credit provided that no letters of credit will have an expiry date later than June 30, 2015 and that the sum of the line of credit plus the letters of credit would not exceed the borrowing base in effect at the time. The agreement contains provisions that require us to maintain specified financial ratios, restrict transactions with related parties, prohibit mergers or consolidation, disallow additional debt, and limit the amount of compensation, salaries, investments, capital expenditures and leasing transactions.  We intend to renew the bank agreement or obtain other financing upon maturity.

8_COMMITMENTS

8. COMMITMENTS	12 Months Ended
	Feb. 28, 2015
Disclosure Text Block Supplement [Abstract]
Commitments Disclosure [Text Block]	8.        COMMITMENTS
	At February 28, 2015, we had outstanding purchase commitments for inventory totaling approximately $7,613,400, which is due during fiscal year 2016.  Of these commitments, $6,440,600 were with Usborne, $1,023,400 with various Kane Miller publishers and the remaining $149,400 with other suppliers.
	Rent expense for the year ended February 28, 2015 was $25,500.  As of February 28, 2015, we did not have any lease commitments in excess of one year.

9_CAPITAL_STOCK_STOCK_OPTIONS_

9. CAPITAL STOCK, STOCK OPTIONS AND WARRANTS	12 Months Ended
	Feb. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	9.        CAPITAL STOCK, STOCK OPTIONS AND WARRANTS
	The Board of Directors adopted the 2002 Incentive Stock Option Plan (the “2002 Plan”) in June of 2002.  The 2002 Plan also authorized us to grant up to 1,000,000 stock options.
	Options granted under the 2002 Plan vest at date of grant and are exercisable up to ten years from the date of grant.  The exercise price on options granted is equal to the market price at the date of grant.  Options outstanding at February 28, 2015 expire in December 2019.
	A summary of the status of our 2002 Plan as of February 28, 2015 and 2014, and changes during the years then ended is presented below:
		February 28,
		2015						2014
					Weighted						Weighted
					Average						Average
					Exercise						Exercise
		Shares			Price			Shares			Price
	Outstanding at		11,000		$	5.68			16,000		$	5.55
	Beginning of Year
	Exercised		-			-			-			-
	Expired		(1,000	)		(10.00	)		(5,000	)		(5.25	)
	Outstanding at End of Year		10,000		$	5.25			11,000		$	5.68
	All options outstanding are exercisable at February 28, 2015.

10_QUARTERLY_RESULTS_OF_OPERAT

10. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)	12 Months Ended
	Feb. 28, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information [Text Block]	10.      QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
	The following is a summary of the quarterly results of operations for the years ended February 28, 2015 and 2014.
									Basic			Diluted
		Net							Earnings			Earnings
		Revenues		Gross Margin		Net Earnings			Per Share			Per Share
	2015
	First quarter	$	7,178,300	$	4,334,800	$	239,700		$	0.06		$	0.06
	Second quarter		6,808,200		3,795,100		(3,900	)		(0.00	)		(0.00	)
	Third quarter		10,936,500		6,821,700		526,400			0.13			0.13
	Fourth quarter		7,625,300		4,832,800		97,000			0.02			0.02
	Total year	$	32,548,300	$	19,784,400	$	859,200		$	0.21		$	0.21
	2014
	First quarter	$	5,990,500	$	3,514,300	$	66,600		$	0.02		$	0.02
	Second quarter		5,715,100		3,054,100		56,400			0.01			0.01
	Third quarter		8,502,000		5,207,500		547,800			0.14			0.14
	Fourth quarter		5,889,400		3,797,600		(313,200	)		(0.08	)		(0.08	)
	Total year	$	26,097,000	$	15,573,500	$	357,600		$	0.09		$	0.09

11_BUSINESS_SEGMENTS

11. BUSINESS SEGMENTS	12 Months Ended
	Feb. 28, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	11.      BUSINESS SEGMENTS
	We have two reportable segments: EDC Publishing and Usborne Books & More (“UBAM”) which are business units that offer different methods of distribution to different types of customers.  They are managed separately based on the fundamental differences in their operations.
	·	EDC Publishing markets its products to retail accounts, which include book, toy and gift stores, school supply stores and museums, through commissioned sales representatives, trade and specialty wholesalers and an internal telesales group.
	·	UBAM markets its product line through a nationwide network of independent sales consultants using a combination of home shows, Internet shows, direct sales, and book fairs.  The UBAM division also distributes to school and public libraries.
	The accounting policies of the segments are the same as those described in the summary of significant accounting policies.  We evaluate segment performance based on earnings (loss) before income taxes of the segments, which is defined as segment net sales reduced by direct cost of sales and direct expenses. Corporate expenses, depreciation, interest expense and income taxes are not allocated to the segments, but are listed in the “other” column.  Corporate expenses include the executive department, accounting department, information services department, general office management and building facilities management.  Our assets and liabilities are not allocated on a segment basis.
	Information by industry segment for the years ended February 28, 2015 and 2014 is set forth below:
			NET REVENUES
			2015			2014
	Publishing		$	11,532,500		$	10,968,400
	UBAM			21,015,800			15,128,600
	Other			-			-
	Total		$	32,548,300		$	26,097,000
			EARNINGS (LOSS) BEFORE INCOME TAXES
			2015			2014
	Publishing		$	3,452,800		$	3,448,900
	UBAM			2,456,300			2,159,700
	Other			(4,506,600	)		(4,735,100	)
	Total		$	1,402,500		$	873,500

12_STOCK_REPURCHASE_PLAN

12. STOCK REPURCHASE PLAN	12 Months Ended
	Feb. 28, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	12.       STOCK REPURCHASE PLAN
	In April 2008, the Board of Directors authorized us to purchase up to an additional 500,000 shares of our common stock under the plan initiated in 1998.  This plan has no expiration date.  During fiscal year 2015, we purchased 1,339 shares of common stock at an average price of $3.88 per share totaling approximately $5,200.  The maximum number of shares that may be repurchased in the future is 303,315.

13_STOCK_PURCHASE_AGREEMENT

13. STOCK PURCHASE AGREEMENT	12 Months Ended
	Feb. 28, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	13.      STOCK PURCHASE AGREEMENT
	Prior to the fiscal year ended 2014, we acquired a 15.6% investment in Demibooks, Inc., obtained under a Stock Purchase Agreement.  Demibooks provides a publishing platform, Composer, a code-free way for publishers and self-published authors and illustrators to create interactive books for the iPad on the device itself.
	During the fiscal year ended 2014, we identified an impairment indicator in the value of our investment in Demibooks, and determined the impairment to be other than temporary. We estimated the fair value of the investment to be $0 based on the estimated future cash flows, and recognized an impairment loss of $430,300, which is reflected on the statements of earnings under other expenses for fiscal year 2014.

14_FAIR_VALUE_MEASUREMENTS

14. FAIR VALUE MEASUREMENTS	12 Months Ended
	Feb. 28, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	14.      FAIR VALUE MEASUREMENTS
	The valuation hierarchy included in U.S. GAAP considers the transparency of inputs used to value assets and liabilities as of the measurement date. The less transparent or observable the inputs used to value assets and liabilities, the lower the classification of the assets and liabilities in the valuation hierarchy. A financial instrument's classification within the valuation hierarchy is based on the lowest level of input that is significant to its fair value measurement. The three levels of the valuation hierarchy and the classification of our financial assets and liabilities within the hierarchy are as follows:
	Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.
	Level 2 - Observable inputs other than quoted prices included within Level 1 for the asset or liability, either directly or indirectly. If an asset or liability has a specified term, a Level 2 input must be observable for substantially the full term of the asset or liability.
	Level 3 - Unobservable inputs for the asset or liability.
	We do not report any assets or liabilities at fair value in the financial statements. However, the estimated fair value of our line of credit is estimated by management to approximate the carrying value of $1,400,000 and $0 at February 28, 2015 and 2014, respectively. Management's estimates are based on the obligations' characteristics, including floating interest rate, maturity, and collateral. Such valuation inputs are considered a Level 2 measurement in the fair value valuation hierarchy.

15_SUBSEQUENT_EVENT

15. SUBSEQUENT EVENT	12 Months Ended
	Feb. 28, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	15.      SUBSEQUENT EVENT
	On March 20, 2015, we paid the previously declared $0.08 dividend per share to shareholders of record as of March 13, 2015.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	12 Months Ended
	Feb. 28, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Nature of Business—Educational Development Corporation (“we”, “our”, “us”, or “the Company”) distributes books and publications through our EDC Publishing and Usborne Books & More (“UBAM”) divisions to book, toy and gift stores, libraries and home educators located throughout the United States (“U.S.”).  We are the sole U.S. distributor of books and related items, which are published by an England-based publishing company, Usborne, our primary supplier.  We are also in the direct publishing market through our ownership of Kane Miller Book Publishers.
Use of Estimates, Policy [Policy Text Block]	Estimates—Our financial statements were prepared in conformity with accounting principles generally accepted in the United States of America, which requires management to make estimates and assumptions that affect the amounts and disclosures in the financial statements.  Actual results could differ from these estimates.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Business Concentration—A significant portion of our inventory purchases are concentrated with Usborne.  Purchases from them were approximately $12.2 million and $9.0 million for the years ended February 28, 2015 and 2014, respectively.  Total inventory purchases for those same periods were approximately $15.3 million and $11.4 million, respectively.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents—Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed federally insured limits. We have never experienced any losses related to these balances.  Insurance coverage on our non-interest bearing cash balances was limited to $250,000 and our non-interest bearing cash balances exceed federally insured limits. The majority of payments due from banks for third party credit card transactions process within two business days.  These amounts due are classified as cash and cash equivalents.  Cash and cash equivalents includes demand and time deposits, money market funds and other marketable securities with maturities of three months or less when acquired.
Receivables, Policy [Policy Text Block]	Accounts Receivable— Accounts receivable are uncollateralized customer obligations due under normal trade terms generally requiring payment within thirty days from the invoice date.  Extended, seasonal dating is frequently available for orders of minimum quantities or amounts.  Trade accounts are stated at the amount management expects to collect from outstanding balances.  Delinquency fees are not assessed.  Payments of accounts receivable are allocated to the specific invoices identified on the customers’ remittance advice.  Accounts receivable are carried at original invoice amount less an estimated reserve made for returns and discounts based on quarterly review of historical rates of returns and expected discounts to be taken.  The carrying amount of accounts receivable is reduced, if needed, by a valuation allowance that reflects management’s best estimate of the amounts that will not be collected.
	Management periodically reviews accounts receivable balances and, based on an assessment of historical bad debts, current customer receivable balances, age of customer receivable balances, customers’ financial conditions and current economic trends, estimates the portion of the balance that will not be collected.  Management provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation account based on its assessment of the current status of the individual accounts.  Balances which remain outstanding after management has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to trade accounts receivable.  Recoveries of trade receivables previously written off are recorded as income when received.
Inventory, Policy [Policy Text Block]	Inventories—Inventories are stated at the lower of cost or market.  Cost is determined using the FIFO method.  We present a portion of our inventory as a noncurrent asset.  Occasionally we purchase book inventory in quantities in excess of what will be sold within the normal operating cycle due to minimum order requirements of our primary supplier.  These excess quantities are included in noncurrent inventory.  We estimate noncurrent inventory using the current year turnover ratio by title.  All inventory in excess of 2½ years of anticipated sales is classified as noncurrent inventory.
	Inventories are presented net of a valuation allowance.  Management has estimated and included an allowance for slow moving inventory for both current and noncurrent inventory.  This allowance is based on management’s analysis of inventory on hand at February 28, 2015 and 2014.
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment—Property, plant and equipment are stated at cost and depreciated on a straight-line basis over the estimated useful lives, as follows:
	Building	30 years
	Machinery and equipment	3 - 10 years
	Furniture and fixtures	3 years
	Capitalized projects that are not placed in service are recorded as in progress and are not depreciated until the related assets are placed in service.
Income Tax, Policy [Policy Text Block]	Income Taxes—We account for income taxes using the liability method. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and the tax basis of assets and liabilities using the current tax laws and rates. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts that are “more likely than not” to be realized.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition—Sales are recognized and recorded when products are shipped.  Products are shipped FOB shipping point.  The UBAM division’s sales are paid at the time the product is shipped.  These sales accounted for 65% of net revenues in fiscal year 2015 and 58% in fiscal year 2014.
	Estimated allowances for sales returns are recorded as sales are recognized and recorded. Management uses a moving average calculation to estimate the allowance for sales returns.  We are not responsible for product damaged in transit. Damaged returns are primarily from the retail stores related to damages which occur in the stores, not in shipping to the stores.  It is industry practice to accept returns from wholesale customers.  Management has estimated and included a reserve for sales returns of $100,000 as of February 28, 2015 and 2014.
	Transportation revenue represents the amount billed to the customer for shipping the product and is recorded when the product is shipped.
Advertising Costs, Policy [Policy Text Block]	Advertising Costs—Advertising costs are expensed as incurred.  Advertising expenses, included in selling and operating expenses in the statements of earnings, were $367,300 and $348,600 for the years ended February 28, 2015 and 2014, respectively.
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Costs— We classify shipping and handling costs as operating and selling expenses in the statements of earnings.  Shipping and handling costs were $3,719,300 and $2,699,800 for the years ended February 28, 2015 and 2014, respectively.
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share—Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding during the period.  Diluted EPS is based on the combined weighted average number of common shares outstanding and dilutive potential common shares issuable which include, where appropriate, the assumed exercise of options.  In computing Diluted EPS, we have utilized the treasury stock method.
	The computation of weighted average common and common equivalent shares used in the calculation of basic and diluted earnings per share (“EPS”) is shown below.
			Year Ended February 28,
			2015		2014
	Earnings Per Share:
	Net earnings applicable to		$	859,200	$	357,600
	common shareholders
	Shares:
	Weighted average shares			4,003,702		3,968,214
	outstanding–basic
	Assumed exercise of options			-		-
	Weighted average shares			4,003,702		3,968,214
	outstanding–diluted
	Basic and Diluted Earnings Per Share		$	0.21	$	0.09
	Stock options not considered above because they were antidilutive			10,000		11,000
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-Lived Asset Impairment— We review the value of long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable based on estimated future cash flows.  No impairment was noted as a result of such review during the years ended February 28, 2015 and 2014.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation—Share-based payment transactions with employees, such as stock options and restricted stock, are measured at estimated fair value at date of grant and recognized as compensation expense over the requisite service period, net of estimated forfeitures.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements— The Financial Accounting Standards Board (“FASB”) periodically issues new accounting standards in a continuing effort to improve standards of financial accounting and reporting. We have reviewed the recently issued pronouncements and concluded that the following recently issued accounting standards apply to us.
	In April 2014, FASB issued Accounting Standards Update (ASU) No. 2014-08 “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,” which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. Under the new guidance, a discontinued operation is defined as a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has or will have a major effect on an entity’s operations and financial results. The change is effective for fiscal years, and interim reporting periods within those years, beginning on or after December 15, 2014, which means the first quarter of our fiscal year 2016, with early adoption permitted. The ASU applies prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. This new ASU will not affect our financial position, results of operations or cash flows.
	In May 2014, FASB issued ASU No. 2014-09 “Revenue from Contracts with Customers,” which provides a single revenue recognition model which is intended to improve comparability over a range of industries, companies and geographical boundaries and will also result in enhanced disclosures. The changes are effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, which means the first quarter of our fiscal year 2018. We are currently reviewing the ASU and assessing the potential impact on our financial statements.

1_SUMMARY_OF_SIGNIFICANT_ACCOU1

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Feb. 28, 2015
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) [Line Items]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The computation of weighted average common and common equivalent shares used in the calculation of basic and diluted earnings per share (“EPS”) is shown below.
			Year Ended February 28,
			2015		2014
	Earnings Per Share:
	Net earnings applicable to		$	859,200	$	357,600
	common shareholders
	Shares:
	Weighted average shares			4,003,702		3,968,214
	outstanding–basic
	Assumed exercise of options			-		-
	Weighted average shares			4,003,702		3,968,214
	outstanding–diluted
	Basic and Diluted Earnings Per Share		$	0.21	$	0.09
	Stock options not considered above because they were antidilutive			10,000		11,000
Property, Plant and Equipment, Estimated Useful Life [Member]
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) [Line Items]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment are stated at cost and depreciated on a straight-line basis over the estimated useful lives, as follows:
	Building	30 years
	Machinery and equipment	3 - 10 years
	Furniture and fixtures	3 years

2_INVENTORIES_Tables

2. INVENTORIES (Tables)	12 Months Ended
	Feb. 28, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consist of the following:
		February 28,
		2015			2014
	Current:
	Book inventory	$	11,206,000		$	9,894,400
	Inventory valuation allowance		(25,000	)		(25,000	)
	Inventories net–current	$	11,181,000		$	9,869,400
Schedule of Inventory, Noncurrent [Table Text Block]	Inventories consist of the following:
	Noncurrent:
	Book inventory	$	718,900		$	824,000
	Inventory valuation allowance		(368,100	)		(353,800	)
	Inventories net–noncurrent	$	350,800		$	470,200

3_PROPERTY_PLANT_AND_EQUIPMENT1

3. PROPERTY, PLANT AND EQUIPMENT (Tables) (Property, Plant and Equipment [Member])	12 Months Ended
	Feb. 28, 2015
Property, Plant and Equipment [Member]
3. PROPERTY, PLANT AND EQUIPMENT (Tables) [Line Items]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment consist of the following:
		February 28,
		2015			2014
	Land	$	250,000		$	250,000
	Building		2,124,700			2,124,700
	Machinery and equipment		2,488,000			2,363,800
	Furniture and fixtures		75,700			75,700
	System installations in progress		200,800			-
			5,139,200			4,814,200
	Less accumulated depreciation		(3,066,000	)		(2,936,600	)
		$	2,073,200		$	1,877,600

4_OTHER_CURRENT_LIABILITIES_Ta

4. OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Feb. 28, 2015
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Other Current Liabilities [Table Text Block]	Other current liabilities consist of the following:
		February 28,
		2015		2014
	Accrued royalties	$	368,200	$	374,000
	Accrued UBAM trip incentives		323,700		24,100
	Sales tax payable		181,000		116,800
	Other		170,600		143,300
		$	1,043,500	$	658,200

5_INCOME_TAXES_Tables

5. INCOME TAXES (Tables)	12 Months Ended
	Feb. 28, 2015
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The tax effects of significant items comprising our net deferred tax assets and liabilities as of February 28 are as follows:
		2015			2014
	Current:
	Deferred tax assets:
	Allowance for doubtful accounts	$	41,100		$	58,500
	Inventory overhead capitalization		86,900			79,000
	Inventory valuation allowance		9,500			9,500
	Allowance for sales returns		38,000			38,000
	Accruals		74,300			74,300
	Deferred tax assets-current		249,800			259,300
	Noncurrent:
	Deferred tax assets:
	Inventory valuation allowance	$	143,300		$	134,400
	Capital loss carryforward		163,600			163,600
	Subtotal deferred tax assets		306,900			298,000
	Less valuation allowance		(163,600	)		(163,600	)
	Total net deferred tax assets		143,300			134,400
	Deferred tax liabilities:
	Property and equipment		(63,100	)		(63,000	)
	Deferred tax liabilities		(63,100	)		(63,000	)
	Net deferred tax asset-noncurrent	$	80,200		$	71,400
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The components of income tax expense are as follows:
		February 28,
		2015			2014
	Current:
	Federal	$	439,200		$	299,000
	State		103,400			89,300
			542,600			388,300
	Deferred:
	Federal		600			133,200
	State		100			(5,600	)
			700			127,600
	Total income tax expense	$	543,300		$	515,900
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The following reconciles our expected income tax expense utilizing statutory tax rates to the actual tax expense:
		February 28,
		2015			2014
	Tax expense at federal statutory rate	$	476,800		$	297,000
	State income tax–net of federal tax benefit		73,300			70,100
	Change in capital loss valuation allowance		-			163,600
	Other		(6,800	)		(14,800	)
	Total income tax expense	$	543,300		$	515,900

9_CAPITAL_STOCK_STOCK_OPTIONS_1

9. CAPITAL STOCK, STOCK OPTIONS AND WARRANTS (Tables)	12 Months Ended
	Feb. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of the status of our 2002 Plan as of February 28, 2015 and 2014, and changes during the years then ended is presented below:
		February 28,
		2015						2014
					Weighted						Weighted
					Average						Average
					Exercise						Exercise
		Shares			Price			Shares			Price
	Outstanding at		11,000		$	5.68			16,000		$	5.55
	Beginning of Year
	Exercised		-			-			-			-
	Expired		(1,000	)		(10.00	)		(5,000	)		(5.25	)
	Outstanding at End of Year		10,000		$	5.25			11,000		$	5.68

10_QUARTERLY_RESULTS_OF_OPERAT1

10. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)	12 Months Ended
	Feb. 28, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information [Table Text Block]	The following is a summary of the quarterly results of operations for the years ended February 28, 2015 and 2014.
									Basic			Diluted
		Net							Earnings			Earnings
		Revenues		Gross Margin		Net Earnings			Per Share			Per Share
	2015
	First quarter	$	7,178,300	$	4,334,800	$	239,700		$	0.06		$	0.06
	Second quarter		6,808,200		3,795,100		(3,900	)		(0.00	)		(0.00	)
	Third quarter		10,936,500		6,821,700		526,400			0.13			0.13
	Fourth quarter		7,625,300		4,832,800		97,000			0.02			0.02
	Total year	$	32,548,300	$	19,784,400	$	859,200		$	0.21		$	0.21
	2014
	First quarter	$	5,990,500	$	3,514,300	$	66,600		$	0.02		$	0.02
	Second quarter		5,715,100		3,054,100		56,400			0.01			0.01
	Third quarter		8,502,000		5,207,500		547,800			0.14			0.14
	Fourth quarter		5,889,400		3,797,600		(313,200	)		(0.08	)		(0.08	)
	Total year	$	26,097,000	$	15,573,500	$	357,600		$	0.09		$	0.09

11_BUSINESS_SEGMENTS_Tables

11. BUSINESS SEGMENTS (Tables)	12 Months Ended
	Feb. 28, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Information by industry segment for the years ended February 28, 2015 and 2014 is set forth below:
		NET REVENUES
		2015			2014
	Publishing	$	11,532,500		$	10,968,400
	UBAM		21,015,800			15,128,600
	Other		-			-
	Total	$	32,548,300		$	26,097,000
		EARNINGS (LOSS) BEFORE INCOME TAXES
		2015			2014
	Publishing	$	3,452,800		$	3,448,900
	UBAM		2,456,300			2,159,700
	Other		(4,506,600	)		(4,735,100	)
	Total	$	1,402,500		$	873,500

1_SUMMARY_OF_SIGNIFICANT_ACCOU2

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Payments for (Proceeds from) Other Investing Activities	$15,300,000	$11,400,000
Cash, FDIC Insured Amount	250,000
Revenue Recognition, Sales Returns, Reserve for Sales Returns	100,000	100,000
Advertising Expense	367,300	348,600
Shipping, Handling and Transportation Costs	3,719,300	2,699,800
Impairment of Intangible Assets, Finite-lived	0	0
Usborne Books and More [Member] | Sales Revenue, Goods, Net [Member]
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Concentration Risk, Percentage	65.00%	58.00%
Usborne Books and More [Member]
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Payments for (Proceeds from) Other Investing Activities	$12,200,000	$9,000,000

1_SUMMARY_OF_SIGNIFICANT_ACCOU3

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Property, Plant and Equipment	12 Months Ended
	Feb. 28, 2015
Building [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	30 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	10 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	3 years

1_SUMMARY_OF_SIGNIFICANT_ACCOU4

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Diluted Earnings Per Share (USD $)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Earnings Per Share:
Net earnings applicable to common shareholders (in Dollars)	$859,200	$357,600
Shares:
Weighted average shares outstandingbbasic	4,003,702	3,968,214
Assumed exercise of options	0	0
Weighted average shares outstandingbdiluted	4,003,702	3,968,214
Basic and Diluted Earnings Per Share (in Dollars per share)	$0.21	$0.09
Stock options not considered above because they were antidilutive	10,000	11,000

2_INVENTORIES_Details_Schedule

2. INVENTORIES (Details) - Schedule of Inventory, Current (USD $)	Feb. 28, 2015	Feb. 28, 2014
Current:
Book inventory	$11,206,000	$9,894,400
Inventory valuation allowance	-25,000	-25,000
Inventories netbcurrent	$11,181,000	$9,869,400

2_INVENTORIES_Details_Schedule1

2. INVENTORIES (Details) - Schedule of Inventory, Noncurrent (USD $)	Feb. 28, 2015	Feb. 28, 2014
Noncurrent:
Book inventory	$718,900	$824,000
Inventory valuation allowance	-368,100	-353,800
Inventories netbnoncurrent	$350,800	$470,200

3_PROPERTY_PLANT_AND_EQUIPMENT2

3. PROPERTY, PLANT AND EQUIPMENT (Details) - Schedule of Property, Plant and Equipment (USD $)	Feb. 28, 2015	Feb. 28, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$5,139,200	$4,814,200
Less accumulated depreciation	-3,066,000	-2,936,600
	2,073,200	1,877,600
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	250,000	250,000
Building [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,124,700	2,124,700
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,488,000	2,363,800
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	75,700	75,700
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$200,800	$0

4_OTHER_CURRENT_LIABILITIES_De

4. OTHER CURRENT LIABILITIES (Details) - Schedule of Other Current Liabilities (USD $)	Feb. 28, 2015	Feb. 28, 2014
Schedule of Other Current Liabilities [Abstract]
Accrued royalties	$368,200	$374,000
Accrued UBAM trip incentives	323,700	24,100
Sales tax payable	181,000	116,800
Other	170,600	143,300
	$1,043,500	$658,200

5_INCOME_TAXES_Details_Schedul

5. INCOME TAXES (Details) - Schedule of Deferred Tax Assets and Liabilities (USD $)	Feb. 28, 2015	Feb. 28, 2014
Deferred tax assets:
Allowance for doubtful accounts	$41,100	$58,500
Inventory overhead capitalization	86,900	79,000
Inventory valuation allowance	9,500	9,500
Allowance for sales returns	38,000	38,000
Accruals	74,300	74,300
Deferred tax assets-current	249,800	259,300
Deferred tax assets:
Inventory valuation allowance	143,300	134,400
Capital loss carryforward	163,600	163,600
Subtotal deferred tax assets	306,900	298,000
Less valuation allowance	-163,600	-163,600
Total net deferred tax assets	143,300	134,400
Deferred tax liabilities:
Property and equipment	-63,100	-63,000
Deferred tax liabilities	-63,100	-63,000
Net deferred tax asset-noncurrent	$80,200	$71,400

5_INCOME_TAXES_Details_Schedul1

5. INCOME TAXES (Details) - Schedule of Components of Income Tax Expense (Benefit) (USD $)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Current:
Federal	$439,200	$299,000
State	103,400	89,300
	542,600	388,300
Deferred:
Federal	600	133,200
State	100	-5,600
	700	127,600
Total income tax expense	$543,300	$515,900

5_INCOME_TAXES_Details_Schedul2

5. INCOME TAXES (Details) - Schedule of Effective Income Tax Rate Reconciliation (USD $)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Schedule of Effective Income Tax Rate Reconciliation [Abstract]
Tax expense at federal statutory rate	$476,800	$297,000
State income taxbnet of federal tax benefit	73,300	70,100
Change in capital loss valuation allowance	0	163,600
Other	-6,800	-14,800
Total income tax expense	$543,300	$515,900

6_EMPLOYEE_BENEFIT_PLAN_Detail

6. EMPLOYEE BENEFIT PLAN (Details) (401(k) Plan [Member], USD $)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
401(k) Plan [Member]
6. EMPLOYEE BENEFIT PLAN (Details) [Line Items]
Defined Benefit Plan, Contributions by Employer	$44,900	$57,100
Stock Issued During Period, Shares, Treasury Stock Reissued	47,935	60,480

7_DEBT_Details

7. DEBT (Details) (USD $)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
7. DEBT (Details) [Line Items]
Long-term Line of Credit	$1,400,000	$0
Line of Credit [Member]
7. DEBT (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	3,200,000
Line of Credit Facility, Interest Rate Description	greater of (a) prime rate minus 0.75% or (b) 4.00%
Line of Credit Facility, Interest Rate at Period End	4.00%
Line of Credit Facility, Expiration Date	30-Jun-15
Line of Credit Facility, Remaining Borrowing Capacity	$1,800,000

8_COMMITMENTS_Details

8. COMMITMENTS (Details) (USD $)	12 Months Ended
	Feb. 28, 2015
8. COMMITMENTS (Details) [Line Items]
Operating Leases, Rent Expense	$25,500
Usborne Books and More [Member] | Inventory [Member]
8. COMMITMENTS (Details) [Line Items]
Purchase Commitment, Remaining Minimum Amount Committed	6,440,600
Kane Miller [Member] | Inventory [Member]
8. COMMITMENTS (Details) [Line Items]
Purchase Commitment, Remaining Minimum Amount Committed	1,023,400
Other Suppliers [Member] | Inventory [Member]
8. COMMITMENTS (Details) [Line Items]
Purchase Commitment, Remaining Minimum Amount Committed	149,400
Inventory [Member]
8. COMMITMENTS (Details) [Line Items]
Purchase Commitment, Remaining Minimum Amount Committed	$7,613,400

9_CAPITAL_STOCK_STOCK_OPTIONS_2

9. CAPITAL STOCK, STOCK OPTIONS AND WARRANTS (Details) (2002 Plan [Member])	1 Months Ended
	Jun. 30, 2002
9. CAPITAL STOCK, STOCK OPTIONS AND WARRANTS (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award	exercise price on options granted is equal to the market price at the date of grant
Maximum [Member]
9. CAPITAL STOCK, STOCK OPTIONS AND WARRANTS (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	10 years

9_CAPITAL_STOCK_STOCK_OPTIONS_3

9. CAPITAL STOCK, STOCK OPTIONS AND WARRANTS (Details) - Schedule of Stock Option Activity (USD $)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
Schedule of Stock Option Activity [Abstract]
Outstanding at Beginning of Year	11,000	16,000
Outstanding at Beginning of Year	$5.68	$5.55
Exercised	0	0
Exercised	$0	$0
Expired	-1,000	-5,000
Expired	($10)	($5.25)
Outstanding at End of Year	10,000	11,000
Outstanding at End of Year	$5.25	$5.68

10_QUARTERLY_RESULTS_OF_OPERAT2

10. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Details) - Schedule of Quarterly Financial Information (USD $)	3 Months Ended								12 Months Ended
	Feb. 28, 2015	Nov. 30, 2014	Aug. 31, 2014	31-May-14	Feb. 28, 2014	Nov. 30, 2013	Aug. 31, 2013	31-May-13	Feb. 28, 2015	Feb. 28, 2014
Schedule of Quarterly Financial Information [Abstract]
Net Revenues	$7,625,300	$10,936,500	$6,808,200	$7,178,300	$5,889,400	$8,502,000	$5,715,100	$5,990,500	$32,548,300	$26,097,000
Gross Margin	4,832,800	6,821,700	3,795,100	4,334,800	3,797,600	5,207,500	3,054,100	3,514,300	19,784,400	15,573,500
Net Earnings	$97,000	$526,400	($3,900)	$239,700	($313,200)	$547,800	$56,400	$66,600	$859,200	$357,600
Basic Earnings Per Share (in Dollars per share)	$0.02	$0.13	$0	$0.06	($0.08)	$0.14	$0.01	$0.02	$0.21	$0.09
Diluted Earnings Per Share (in Dollars per share)	$0.02	$0.13	$0	$0.06	($0.08)	$0.14	$0.01	$0.02	$0.21	$0.09

11_BUSINESS_SEGMENTS_Details

11. BUSINESS SEGMENTS (Details)	12 Months Ended
	Feb. 28, 2015
Segment Reporting [Abstract]
Number of Reportable Segments	2

11_BUSINESS_SEGMENTS_Details_S

11. BUSINESS SEGMENTS (Details) - Schedule of Information by Industry Segment (USD $)	3 Months Ended								12 Months Ended
	Feb. 28, 2015	Nov. 30, 2014	Aug. 31, 2014	31-May-14	Feb. 28, 2014	Nov. 30, 2013	Aug. 31, 2013	31-May-13	Feb. 28, 2015	Feb. 28, 2014
Segment Reporting Information [Line Items]
Net Revenues	$7,625,300	$10,936,500	$6,808,200	$7,178,300	$5,889,400	$8,502,000	$5,715,100	$5,990,500	$32,548,300	$26,097,000
Earnings (Loss) Before Income Taxes									1,402,500	873,500
Publishing [Member]
Segment Reporting Information [Line Items]
Net Revenues									11,532,500	10,968,400
Earnings (Loss) Before Income Taxes									3,452,800	3,448,900
Usborne Books and More [Member]
Segment Reporting Information [Line Items]
Net Revenues									21,015,800	15,128,600
Earnings (Loss) Before Income Taxes									2,456,300	2,159,700
Other Segments [Member]
Segment Reporting Information [Line Items]
Net Revenues									0	0
Earnings (Loss) Before Income Taxes									($4,506,600)	($4,735,100)

12_STOCK_REPURCHASE_PLAN_Detai

12. STOCK REPURCHASE PLAN (Details) (USD $)	12 Months Ended
	Feb. 28, 2015	Apr. 30, 2008
Stockholders' Equity Note [Abstract]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased		500,000
Stock Repurchased During Period, Shares	1,339
Stock Repurchased During Period, Average Price Paid (in Dollars per share)	$3.88
Stock Repurchased During Period, Value (in Dollars)	$5,200
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	303,315

13_STOCK_PURCHASE_AGREEMENT_De

13. STOCK PURCHASE AGREEMENT (Details) (USD $)	12 Months Ended
	Feb. 28, 2015	Feb. 28, 2014
13. STOCK PURCHASE AGREEMENT (Details) [Line Items]
Equity Method Investment, Other than Temporary Impairment	$0	$430,300
Demibooks Stock Purchase Agreement [Member]
13. STOCK PURCHASE AGREEMENT (Details) [Line Items]
Equity Method Investment, Ownership Percentage		15.60%
Equity Method Investments		$0

14_FAIR_VALUE_MEASUREMENTS_Det

14. FAIR VALUE MEASUREMENTS (Details) (Fair Value, Inputs, Level 2 [Member], USD $)	Feb. 28, 2015	Feb. 28, 2014
Fair Value, Inputs, Level 2 [Member]
14. FAIR VALUE MEASUREMENTS (Details) [Line Items]
Lines of Credit, Fair Value Disclosure	$1,400,000	$0

15_SUBSEQUENT_EVENT_Details

15. SUBSEQUENT EVENT (Details) (Subsequent Event [Member], USD $)	0 Months Ended
	Mar. 20, 2015
Subsequent Event [Member]
15. SUBSEQUENT EVENT (Details) [Line Items]
Dividends Payable, Date to be Paid	20-Mar-15
Common Stock, Dividends, Per Share, Cash Paid	$0.08
Dividends Payable, Date of Record	13-Mar-15